• Wednesday, Oct 20, 2021
  • Last Update : 01:19 pm

The change we need

  • Published at 12:03 am November 1st, 2019
A man tans cattle hide in the sun to turn it into leather <b>Mahmud Hossain Opu/Dhaka Tribune</b>
Mahmud Hossain Opu/Dhaka Tribune

It is undeniable that there is a lot of untapped economic potential

While our RMG sector has, for the longest time, been the primary engine of our economy, the time has come for us to look to the future of Bangladeshi exports.

Whether it is leather, ICT-related products and services, or something more tried and true as jute, the possibilities of diversifying our export basket are wide.

To that end, Prime Minister Sheikh Hasina’s recent statement extending the government’s all-out support to businesspeople nationwide is wholly appreciated.

Given the increasing levels of competition in the global RMG arena, it is all the more natural for Bangladesh to slowly pivot to newer avenues of exports.

A very promising sector, to that end, is our leather industry.

Already observing unprecedented growth, our leather footwear sector saw increased exports to the US by 17.7% in 2018. Therefore, it can be hoped that these increased numbers from the leather footwear industry galvanize the rest of the leather industry, which includes processed leather.

With the export volume having increased 71 times over the last four decades or so, it is undeniable that there is a lot of untapped economic potential when discussing leather.

The PM’s recent statements signal the kind of change that our export arena desperately needs -- now all it requires is the right policies to facilitate that change.

72
Facebook 68
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail