Bangladesh eyes $10b exports in leather goods in 2030

Commerce Minister Tipu Munshi has said the government eyes US$10 billion in exports of leather and leather goods in 2030.

"Bangladesh's potential export product is leather. There is a lot of scope for the development and export of the leather industry. Currently, the export of the leather sector is more than $1 billion. In 2030, this export maybe $10 billion," he said.

The minister said this while speaking as the chief guest at an inauguration ceremony of the three-day 'Leathertech-2022' at International Convention City Bashundhara (ICCB) in the city, reports BSS citing a press release.

Leather goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) organised the expo.

In his speech, Tipu informed that the government is establishing 100 economic zones in important places across the country and it is possible to easily develop the leather industry in the economic zones.

"We have raw material and skilled manpower. By using new technology, we can take the leather industry a long way. There is a huge demand for leather products in the international market," he added.