Bangladesh government pledges assistance for leather industry
Bangladesh’s Nitol Export, a sister company of Nitol-Niloy Group, has shipped its first consignment of leather upholstery in a move that is being hailed as the launch of Bangladeshi leather products onto the global market, in the hope of boosting the industry.
In a ceremony to mark the occasion,
Earnings from leather exports in the last financial year rose 10.5%, generating $211.412 million, but the government is encouraging further improvements with a target figure of $673 million a year.
Progress has been made in the leather production processes themselves, with improvements in flaying to reduce the 25% losses incurred previously. Due to poor flaying and other shortfalls in leather processing losses in the leather sector had reached $150 million per annum. This was largely due to a lack of technology and scientific knowledge in the fields of preservation and processing.
In response to these problems a ‘Leather Products Business Promotion Council’ has been established to help boost the Bangladeshi industry abroad, and to remove the shortfalls that exist. A ‘
