The Progressive Footwear Industries in Bangladesh

History of Footwear Industries in Bangladesh:

Since the pioneer time, the footwear business started in Bangladesh. However, the industry gets the modernization just in the late 1980s. There was no footwear fabricating firm creating on a mass scale in East Bengal during the English time frame. Calcutta becomes the hub of different sorts of footwear transportation. After the segregation of Bengal in 1947, footwears were transported in from West Pakistan.

At the point in 1962, Bata Shoe Organization built up its assembling plant at Tongi. At first, it was just the primary assembling plant to create shoes on an extensive scale in East Pakistan. In 1967, Eastern Dynamic Shoe Enterprises set up its generation plant. Mainly, USSR, Czechoslovakia, and Britain started trading footwear from them. Both Bata and EPSI held real offers in the nearby footwear advertise. The footwear business endured a noteworthy misfortune amid the war of freedom yet was restored after autonomy. New footwear fabricating units have as of late been built up. Among them are Pinnacle Footwear, Excelsior Shoes, and Paragon Cowhide and Footwear Ventures.

 

 

Government Policies for The Progressive  Footwear Industries in Bangladesh:

Bangladeshi footwear is currently handling most orders from Japan and Germany. Alter buyers like US purchasers are progressively indicating enthusiasm for sourcing from Bangladesh. By 2013 Bangladesh could have a billion-dollar footwear trade division. And it guarantees neighborhood shoemakers based on both the present development in shipments and the expanded creation limit in industrial facilities under development. On the off chance that their evaluation is right. Cause in a three-year time span the level of fares can expand five-overlap from the $205 million worth of shoes that were trading in the last monetary year that finished in June 2010.

As The segment’s fare has developed by just about 10 times in the course of the most recent decade, as the outside trade income from footwear sends out have expanded to $495 million out of 2015-16 from $68 million of every 2004, and to $673 million out of 2014-15.  According to the EPB, during the first two months of the current financial year 2016–17, the country posted 23.62 percent growth in footwear exports over that during the same period a year ago. Bangladesh has received $120.59 million foreign exchange from exports of leather footwear in the July–August period in this fiscal year. In the first quarter of 2017-18 (July-September) fiscal, footwear exports fetched $234 million, posting an eight percent growth over the same period last year, Export Promotion Bureau (EPB) data show.

Industry insiders said, from now, the segment has an extremely potential worldwide market. And it worths about $240 billion yearly for a wide range of footwear. Like made by cowhide, artificial calfskin, and denim or other textures very efficiently.

In the event that our business people focus on assembling a wide range of footwear, the profit from footwear could outperform the returns brought from RMG items,

 

Overall Achievement of The Progressive Footwear Industries in Bangladesh:

We all know Bangladesh is set to rise as the following assembling center point for the worldwide footwear industry. The modest work is inciting top producers to move their processing plants in the nation. Fortunately, various remote speculators and in addition purchasers have just indicated enthusiasm for Bangladesh’s calfskin and footwear division.

As of late, the leader of the Bangladesh Completed Calfskin, Cowhide Products and Footwear Exporters Affiliation (BFLLGFEA) educated all worried that three substantial speculators in the footwear division from Taiwan would set up footwear processing plants in the Dhaka and Chittagong Sending out zones. The purchasers from the EU, and also other exceedingly created mechanical countries like Japan have apparently been indicating significance in Bangladeshi calfskin items. Every one of these advancements looks encouraging for the neighborhood footwear industry.

 

The Fare Handling Zones on display have 18 shoe and calfskin products processing plants. However, there are no less than seven substantial industrial facilities under development. For the most part, possessed by huge makers in the shoe world. The manufacturing plants under development incorporate Korean organization Youthful one’s footwear complex which is saying to be the biggest in Asia. The organization began development of its super shoe complex in Chittagong a half year back. The initial segment of the mind-boggling will go into generation by the center of one year from now, and the organization’s administrators said they would have the capacity to produce around 30 million sets of shoes by 2013.

New Targets and New Destination For The Progressive Footwear Industries in Bangladesh:

Likewise, Pau Chen, a Taiwan base shoe producer utilizes around 4,00,000 laborers in its production lines in China. In Vietnam, the number of workers is almost 50,000. Furthermore, it is additionally assembling a huge assembling office in Chittagong. Australian producer Bonbon Shoe is additionally constructing footwear plants in Bangladesh. And they are also the provider to Hugo Manager, and Xen Chen and Genford of Taiwan. And Zenith Adeichi likewise has another processing plant that will soon begin generation. With a yearly turnover of about $100 million, the Bangladesh-Italy joint wander is currently the biggest exporter of footwear. Be that as it may, with another joint wander manufacturing plant. Blue Sea Footwear, due to go into generation by February 2011. And Pinnacle will include a turnover of about $200 million of footwear send out by 2013.

 

According to the EPB, during the first two months of the current financial year 2016–17, the country posted 23.62 percent growth in footwear exports over that during the same period a year ago. Bangladesh has received $120.59 million foreign exchange from exports of leather footwear in the July–August period in this fiscal year. Another report shows footwear (leather and non-leather) achieved positive growth. And leather footwear (HS Code: 6403) had a positive growth of 8.55% and export earnings was 252.81 million USD. As a result, 21.47 million surplus than the targeted export earnings.

 

Final Words:

In the end, we can say that our footwear industry is evolving on a large scale. With time we need to focus on the weakness and the disadvantages we have. Better industrialization, better work environment and safety, environment-friendly plants and lethal chemical purification can change the current situation. However, the salary structure of workers, their housing, medical facilities and schooling of their children can inspire them. Also improves the sincerity of working attitude as well.  If we can achieve those criteria then we can surely capture a huge market. And we are hopeful to contribute more to the world market. We hope to produce 30% of footwear in the world market by the next 10 years.