Revolving Belts

From 2009 to 2018, the economy of Bangladesh grew at an average rate of 6.5 percent, having exports and remittances as the key drivers behind this growth. Almost 85 percent of the country's export basket filled by the RMG sector and around 4% by the Leather & Footwear sector which was called second largest export sector of Bangladesh. Though the government has a target to export $5 billion worth of leather, Footwear and leather goods by 2021 whereas last year's receipts amounted to $1.02 billion and it was less than fiscal year 2017-18 & according to Export Promotion Bureau (EPB) data, in July-February period of the current fiscal year, the country earned $632 million from exporting leather and leather goods, which was $695 million in the same period last year.