Bangladesh Leather Industry Flailing, Industrial Park Still Not Complete 16 Years On

Bangladesh has seen a dramatic fall in its leather export earnings and rawhide price, and the problems have been attributed to the government’s failure to complete an industrial park promised a massive 16 years ago. Work on the 200-acre park in Savar began in 2003 and as yet the Central Effluent Treatment Plant (CETP) is incomplete, while work hasn’t even begun on its dumping yard. Official documentation also suggests the authorities have failed to hand over the deeds to the individual lots to tanners. Leather industry stakeholders have bemoaned the low price of rawhide, stating that following a three year low, prices have now hit rock bottom.