Abu Saazad :
Country’s export target in the first four months (July to October) of the current fiscal year failed to achieve its goal mainly due to poor export performances of woven and leather products.
Export target during the period was $10,523 million, but the actual achievement was
$10,130.49 million. Export fall down by 3.73 per cent, according to the latest data of Export Promotion Bureau (EPB).
According to the exporters, woven products export is one of the major sources of export earning of the country, but from the beginning of the fiscal, the growth of the sector is disappointing. During the period woven earning declined drastically.
The government has set the woven products export target for $4,430.79 million but the actual achievement was $4067.94 million. Woven export drastically fall down by 8.19 per cent.
The shipment of woven products is the continuation of the previous orders from the buyers mainly from the European Union (EU). The buyers were little bit concerned over the political unrest during the period of national election, said President of Exporter Association of Bangladesh (EAB) Abdus Salam Murshedy to The New Nation recently.
“Actually, everybody wants security for their investment in the foreign destination, but it is our responsibility to ensure a business-friendly environment in the country for the smooth functioning of supply chain management,” said the EAB President.
During the period of the political unrest, the woven garment owners received a comparatively low order from the buyer countries, Murshedy said.
Although Bangladesh is the second largest export earner from the manufacturing sector after China, Vietnam is the most rival country for the sector.
“If the political situation of the country remains stable, we have the ability to overcome the situation”, he hoped.
Political situation has changed now, the woven product manufacturers have started to get new orders from the buyer countries, he pointed.
The government has the export target of $50 billion by 2021. Political instability is a must to achieve the export target, said Murshedy.
Adequate gas and electricity connection is another problem for the exporters which is increasing the cost of doing business, he claimed. Many factory owners shifted new buildings as per the instruction of Accord and Alliance, but they are not getting power connection for the start of their production.
The EAB President urged the government to ensure the logistic support for the exporters in order to keep the continuous growth of export.
On the other hand, the export earnings from leather and leather products declined by 5.84 per cent from the target. The target was $380.97 million, but the actual achievement was $358.73 million.
Engineer M Abu Taher, Chairman of Bangladesh Finished Leather, Leather Goods, and Footwear Exporters Association told The New Nation, the production of leather-made items has been increasing in the country. The sector has the potential for becoming the second largest foreign currency earner after readymade garments. Country’s leather industry is facing a number of problems.
The tanneries at Hazaribagh in the capital have not been fully shifted to Savar. The transfer cost of the industry in the EPZ area will be approximately Tk 5,500 crore, but the government has sanctioned only Tk250 crore, said Abu Taher.
He demanded easy bank loan to make it a vibrant leather sector which will definitely facilitate the export earnings for the betterment of economy. He urged the central bank to soften bank loan at the rate of three per cent for the growth of the sector.
The sector may achieve the target by the end of the current fiscal year although it missed the target in the first four months, said Saiful Islam, President of the Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh.
Local leather goods manufacturers see bright prospects because of a policy-change in China. That country shows a drop in leather footwear production recently. The EU, USA and Japan are becoming worried over future supply from China, he explained.
Already, the western importers are desperately looking for new sourcing destinations and Bangladesh is in the spotlight now. Bangladesh exports leather products mainly to Italy, New Zealand, Poland, the UK, Belgium, France, Germany, the US, Canada and Spain, Saiful Islam said.
Besides, Japan, India, Nepal, Australia and some other countries are emerging as potential importers of Bangladeshi leather goods. Bangladesh now occupies only 0.5 per cent share in the global leather. So, huge opportunity is waiting for us, he explained.
Actually, in the international arena, Bangladesh does not have the membership of the International Footwear Conference. Bangladesh needs to become a member of this association like other competitors in global leather industry, including China and India, said Saiful Islam.
He urged the government to draft adequate policy and sanction financial support to the leather sector.
Country’s export target in the first four months (July to October) of the current fiscal year failed to achieve its goal mainly due to poor export performances of woven and leather products.
Export target during the period was $10,523 million, but the actual achievement was
$10,130.49 million. Export fall down by 3.73 per cent, according to the latest data of Export Promotion Bureau (EPB).
According to the exporters, woven products export is one of the major sources of export earning of the country, but from the beginning of the fiscal, the growth of the sector is disappointing. During the period woven earning declined drastically.
The government has set the woven products export target for $4,430.79 million but the actual achievement was $4067.94 million. Woven export drastically fall down by 8.19 per cent.
The shipment of woven products is the continuation of the previous orders from the buyers mainly from the European Union (EU). The buyers were little bit concerned over the political unrest during the period of national election, said President of Exporter Association of Bangladesh (EAB) Abdus Salam Murshedy to The New Nation recently.
“Actually, everybody wants security for their investment in the foreign destination, but it is our responsibility to ensure a business-friendly environment in the country for the smooth functioning of supply chain management,” said the EAB President.
During the period of the political unrest, the woven garment owners received a comparatively low order from the buyer countries, Murshedy said.
Although Bangladesh is the second largest export earner from the manufacturing sector after China, Vietnam is the most rival country for the sector.
“If the political situation of the country remains stable, we have the ability to overcome the situation”, he hoped.
Political situation has changed now, the woven product manufacturers have started to get new orders from the buyer countries, he pointed.
The government has the export target of $50 billion by 2021. Political instability is a must to achieve the export target, said Murshedy.
Adequate gas and electricity connection is another problem for the exporters which is increasing the cost of doing business, he claimed. Many factory owners shifted new buildings as per the instruction of Accord and Alliance, but they are not getting power connection for the start of their production.
The EAB President urged the government to ensure the logistic support for the exporters in order to keep the continuous growth of export.
On the other hand, the export earnings from leather and leather products declined by 5.84 per cent from the target. The target was $380.97 million, but the actual achievement was $358.73 million.
Engineer M Abu Taher, Chairman of Bangladesh Finished Leather, Leather Goods, and Footwear Exporters Association told The New Nation, the production of leather-made items has been increasing in the country. The sector has the potential for becoming the second largest foreign currency earner after readymade garments. Country’s leather industry is facing a number of problems.
The tanneries at Hazaribagh in the capital have not been fully shifted to Savar. The transfer cost of the industry in the EPZ area will be approximately Tk 5,500 crore, but the government has sanctioned only Tk250 crore, said Abu Taher.
He demanded easy bank loan to make it a vibrant leather sector which will definitely facilitate the export earnings for the betterment of economy. He urged the central bank to soften bank loan at the rate of three per cent for the growth of the sector.
The sector may achieve the target by the end of the current fiscal year although it missed the target in the first four months, said Saiful Islam, President of the Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh.
Local leather goods manufacturers see bright prospects because of a policy-change in China. That country shows a drop in leather footwear production recently. The EU, USA and Japan are becoming worried over future supply from China, he explained.
Already, the western importers are desperately looking for new sourcing destinations and Bangladesh is in the spotlight now. Bangladesh exports leather products mainly to Italy, New Zealand, Poland, the UK, Belgium, France, Germany, the US, Canada and Spain, Saiful Islam said.
Besides, Japan, India, Nepal, Australia and some other countries are emerging as potential importers of Bangladeshi leather goods. Bangladesh now occupies only 0.5 per cent share in the global leather. So, huge opportunity is waiting for us, he explained.
Actually, in the international arena, Bangladesh does not have the membership of the International Footwear Conference. Bangladesh needs to become a member of this association like other competitors in global leather industry, including China and India, said Saiful Islam.
He urged the government to draft adequate policy and sanction financial support to the leather sector.
