\nthe Pacific according to the latest figures from the Asian Development Bank,
\nshe informed.bss
![\"\"](\"http:\/\/deshmediabd.info\/wp-content\/uploads\/2019\/10\/12-2.jpg\")
<\/p>\nPrime Minister Sheikh Hasina today announced
\ncontinuation of incentives in leather sector for at least five more years
\naimed at achieving the desired export target of the leather and footwear
\nindustry.<\/p>\n
\u201cThe incentive in leather sector will be continued for at least five more
\nyears with a view to achieving the desired export target from the leather and
\nfootwear industry,\u201d she said.<\/p>\n
The prime minister was addressing while inaugurating the third edition of
\nthree-day Bangladesh Leather Footwear and Leathergoods International Sourcing
\nShow (BLLISS), 2019 at Bangabandhu International Conference Centre (BICC)
\nhere this morning.<\/p>\n
Noting that as part of export diversification, leather sector is being
\ndefined as the priority one in the economy and National Industrial
\nDevelopment Strategy, she said \u201cOur government, in its last two tenures, has
\ntaken various initiatives such as giving policy support and incentives for
\ndevelopment of the leather and footwear industry.\u201d<\/p>\n
\u201cDue to the initiatives taken by our government, 82 percent of foreign
\ncurrency is coming from export of leathergoods and footwear in leather sector while
\nfactories in this sector is mushrooming alongside increasing the interest of
\ninvesting money to this end,\u201d she continued.<\/p>\n
She, however, mentioned that king share of foreign currency would come
\nfrom export of leathers as raw material a decade ago.<\/p>\n
The premier hoped that the country will definitely achieve the target of
\nearning foreign currency of US $ 5 billion by 2022 from export of leather
\ngoods, which is now $ 1.2 billion.<\/p>\n
\u201cIf we can export our entire raw leather products by making those finished
\nones, we will be able to easily earn US $ 5 billion foreign currency from
\nthis sector by 2022,\u201d she added.<\/p>\n
The Ministry of Commerce and the Leathergoods and Footwear Manufacturers
\nand Exporters Association of Bangladesh (LFMEAB) have jointly organised the
\nevent to attract more investment in the leather sector.<\/p>\n
Commerce Minister Tipu Munshi, Chairman of its Parliamentary Standing
\nCommittee Tofail Ahmed, PM\u2019s Private Industry and Investment Adviser Salman
\nFazlur Rahman, Commerce Ministry Secretary Dr. Md Jafar Uddin and LFMEAB
\nPresident Saiful Islam spoke on the occasion.<\/p>\n
Ministers, parliament members, diplomats, dignitaries and the leaders of
\ndifferent trade bodies were also present.<\/p>\n
An interactive audio-video presentation on various sides of the past,
\npresent and the future of Bangladesh\u2019s leather sector was screened at the
\nfunction.<\/p>\n
Stating that the leather goods and footwear industry has become the second
\nlargest export earning sector in the last decade surpassing jute and jute
\nproducts\u2019 export earnings, Sheikh Hasina said \u201cThis sector attained second
\nposition in the volume of export earning only after the readymade garments.\u201d<\/p>\n
The premier called upon the foreign investors and buyers attending the show
\nto invest in Bangladesh in larger scale, saying \u201cMake investment in
\nBangladesh particularly in leather sector as many countries would not be able
\nto give facilities, Bangladesh is now offering for foreign investors.\u201d<\/p>\n
In this regard, she said \u201cBangladesh offers cheapest labour facilities and
\nproper training is also being given to them\u201d.<\/p>\n
She said the move was taken to boost local and foreign investment in the
\nleather sector and make it sustainable.<\/p>\n
Stressing the need for bringing diversification in leather goods to
\nincrease export, Sheikh Hasina said the entrepreneurs will have to develop
\nnew products and explore new export markets.<\/p>\n
In this regard, she assured them of providing necessary assistance from the
\ngovernment.<\/p>\n
The premier said an environment-friendly leather industrial estate has been
\nset up in Savar for flourishing the leather sector.<\/p>\n
Praising the organizers for arranging the show for the third time in the
\ncountry, the prime minister said it would attract more foreign investment in
\nBangladesh\u2019s leather footwear and leather goods industry sector as well as
\ncreate huge enthusiasm among the investors.<\/p>\n
\u201cIt will also help the entrepreneurs around the world know about the
\ngovernment\u2019s policy assistance and patronization alongside project quality
\nand standard of Bangladeshi leather goods and footwear products before the
\nworld community,\u201d she said.<\/p>\n
Mentioning that her government has relocated the tannery industries in
\nSavar from Hazaribagh, Sheikh Hasina said \u201cThere will have allocation of at
\nleast 150 acres of land in the extended project of Leather Industry City in
\nSavar for setting up composite leather products and footwear factories by
\nfollowing international standards and Leather Working Group (LWG)
\ncertification.\u201d<\/p>\n
She however said equal opportunities and policy supports will be ensured
\nfor all export sectors as all discriminatory barriers will be removed.<\/p>\n
Sheikh Hasina said her government has created scope so that businesspersons
\ncan do businesses. \u201cThe government is not doing business. So, I always
\nbelieve that businesspersons will do business,\u201d she added.<\/p>\n
The premier said over the last 10 years, Bangladesh economy has
\nprogressed. \u201cWe have established a smooth communication network with
\nneighboring countries where we can find huge markets of our products,\u201d she
\nsaid.<\/p>\n
One hundred Special Economic Zones are being established to attract local
\nand foreign investment and 12 of those have already been completed, she said.<\/p>\n
\u201cOnce the economic zones are completed, huge local and foreign investment
\nwill be attracted,\u201d she opined.<\/p>\n
The prime minister went on saying that the government has made constant
\nstride for country\u2019s industrial development as well as encouraging
\nagriculture.<\/p>\n
Laying importance on enlarging the country\u2019s export basket, the premier
\nsaid the government is giving incentives to many sectors to boost export.<\/p>\n
She urged the LFMEAB leaders to join hand with the government to achieve
\nits goal in building Bangladesh as a middle-income country by 2021 and a
\ndeveloped one by 2041.<\/p>\n
Spelling out basic achievements of her government in the last 11 years, the
\npremier said the world now considers Bangladesh as development miracle.<\/p>\n
\u201cOur export revenue was US $ 10.5 billion in FY 2005-06, which increased to
\nover $46 billion in FY 2018-19 while our per-capita income has surpassed
\n$1,909 and the GDP growth rate for the current financial year is estimated at
\n8.2 percent,\u201d she said<\/p>\n
Referring to the latest GDP ranking of the IMF, she said \u201cBangladesh is the
\n29th largest economic country in the world in terms of PPP.\u201d<\/p>\n
Bangladesh ranked the highest growth nation among the countries of Asia and
\nthe Pacific according to the latest figures from the Asian Development Bank,
\nshe informed.bss<\/p>\n
![\"\"](\"http:\/\/deshmediabd.info\/wp-content\/uploads\/2019\/10\/13-1.jpg\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
Prime Minister Sheikh Hasina today announced continuation of incentives in leather sector for at least five more years aimed at achieving the desired export target of the leather and footwear industry. \u201cThe incentive in leather sector will be continued for at least five more years with a view to achieving the desired export target from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-7468","post","type-post","status-publish","format-standard","hentry","category-14"],"_links":{"self":[{"href":"https:\/\/dhakatidings.com\/index.php?rest_route=\/wp\/v2\/posts\/7468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dhakatidings.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dhakatidings.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dhakatidings.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dhakatidings.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7468"}],"version-history":[{"count":1,"href":"https:\/\/dhakatidings.com\/index.php?rest_route=\/wp\/v2\/posts\/7468\/revisions"}],"predecessor-version":[{"id":7471,"href":"https:\/\/dhakatidings.com\/index.php?rest_route=\/wp\/v2\/posts\/7468\/revisions\/7471"}],"wp:attachment":[{"href":"https:\/\/dhakatidings.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dhakatidings.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dhakatidings.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}