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LEATHERTECH fair kicks off: Entrepreneurs demand bonded warehouse facility

  • Published at 10:08 pm October 31st, 2019
Leather footwear products are displayed at a stall in LEATHERTECH Bangladesh-2019 Fair at ICCB in Dhaka on Thursday Dhaka Tribune

They sought the government support in this regard so that the industry can grow to its full potential

Export-oriented leather and leather goods manufacturers demanded bonded warehouse and backward linkage facilities for the sector to thrive.

They sought the government support in this regard so that the industry can grow to its full potential.

Rezbin Hafiz, a director of Peoples footwear and leather Goods, said her company was suffering from difficulties in running the business properly as no facility of bonded warehouse prevailed for the sector now. 

“Bonded warehouse facilities will boost the sector’s profitability. It will also create more entrepreneurs in the second largest export industry of the country,” Rezbin told Dhaka Tribune yesterday at the opening of the three-day fair, LEATHERTECH Bangladesh-2019.

The fair was organized by ASK Trade and Exhibitions Pvt Ltd at International Convention City Bashundhara in the capital. 

HAMKO leather Ltd, a company that manufactures shoes for brands like Carrefour, Zalando, Umbro, VERSACE, said the current state of backward linkage in the leather goods industry was not sufficient to meet the demand of leather accessories.

Talking to Dhaka Tribune, HMKO Marketing Manager Md. Mahamudul Hasan said, “A strong backward linkage industry is needed to increase the efficiency and productivity of the sector.”

He also said bonded warehouse facility was much required as the sector was  highly dependent on imports of accessories.

Hasan pointed that the complexity in releasing of goods from ports was another major obstacle.

Leather Goods and Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) President Saiful Islam echoed the fellow entrepreneurs on bonded warehouse issue.

Commerce Minister Tipu Munshi, while inaugurating the fair, said, “If we want to develop the leather market, bonded warehouse is of immense importance. But we should upgrade the quality of our leather goods, as a priority”. 

Entrepreneurs in leather sector and commerce ministry could jointly make a work plan to develop the leather industry, said Tipu Munshi. 

He said, “We will hold a meeting with the industry people in this regard as soon as possible. We are going to make a final paper to take the industry to next level.”

Nasim Manzur, convener of Bangladesh Leather footwear & Leather goods International Sourcing Show-2019 said, “The foreign buyers should invest in our leather industry. We are requesting to our foreign partners for sharing their knowledge and technology with us to boost the industry.     

Over 300 exhibitors from nearly 20 countries are showcasing finished leather products, machinery for tanning and manufacturing footwear and leather goods at the fair.  They are also showcasing components like dyes and chemicals, accessories and allied products. 

Exhibition will remain open from 11:00 am to 7:00 pm, with free of entry facility.