5-How leather industry can help achieve $100Bn export target
Bangladesh has an export target of $100 billion by 2030 and recently, the commerce ministry declared $62 billion of export target for goods for FY 2023-24. The majority of Bangladesh’s export earnings (84.57% in FY 22-23) come from the apparel sector alone, which puts pressure on the apparel industry to meet this ambitious target. However, leather industry is one of the largest export sectors of Bangladesh, although the export share is very small (2.2% in FY 22-23). Total exports in this sector increased by 32 percent to $1.25 billion in the fiscal year 2021-22 over the previous fiscal year. In…