Leathergoods And Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) Jointly with Ministry of Commerce, Government of the People’s Republic of Bangladesh organized 3rd edition of BLLISS 2019. The event been held from 31st October – 2nd November, 2019 at International Convention City, Bashundhara in Dhaka, Bangladesh.
Being organized in third consecutive years, BLISS 2019 (Bangladesh Leather footwear & Leathergoods International Sourcing Show) had been set to be strengthened its position as an effective and future proof sourcing platform in global leathergoods and footwear competitive supply chain.
Over 300 exhibitors from nearly 20 countries, including India, China and Pakistan, exhibited their products at the event.
The entire show inaugurated by H.E. Sheikh Hasina, MP, Prime Minister, People’s Republic of Bangladesh at a special Inauguration Event on Thursday, October 31st, 2019 at Bangabandhu International Conference Center in Dhaka, Bangladesh.
“Our government is always active to produce new products and explore new markers across the world for expanding the export basket. You’ll get all-out support from us in this connection. We can give you this assurance,” The Prime Minister said.
“We’ve given importance to economic diplomacy to introduce importers with the outside world with our leather goods producers. As a result, leather goods have become the second export items in the country overtaking the jute items over the last one decade,” she added.
Commerce Minister Tipu Munshi, Chairman of the Parliamentary Standing Committee on Commerce Ministry Tofail Ahmed, PM’s Private Industry and Investment Adviser Salman Fazlur Rahman, Commerce Secretary Dr Mohammad Jafar Uddin, Leather Goods and Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) President Saiful Islam also spoke on the occasion.
PM Hasina urged foreign buyers and investors to invest in various industries in Bangladesh, especially the leather and leather products sector.
“If you invest here, you will get better profits than any other country… that is what I can say because we have given various types of benefits for foreign investors, which no one else can provide. Other than that, we have relatively low cost labour here in Bangladesh.”
She said financial incentives will remain on offer, at least for the next five years, in order to help achieve the target of export earnings from the leather goods and footwear industry.
At present, Bangladesh leathergoods and footwear industry has preferential market access to 3 billion people around the world.
With its liberal foreign investment policy the industry has been able to attract substantial foreign investment. In the last one year, FDI in leather goods and footwear sector has increased by more than 40%. Currently, it is one of the fastest growing footwear industries in the world, 6th in production, 11h in consumption, 20th in export, and 73rd in import, GSP facility EU – 28 countries, and GSP facility others – 10 countries and exported in more than 107 countries in 2018.
The third edition of BLLISS focused on the effectiveness of Bangladesh as a future proof sourcing destination. BLLISS aims to be more than just a sourcing trade show, it is a platform which creates opportunities for manufacturers and brands to form connections and meaningful partnerships which will facilitate the formation of future proof sourcing solutions.
ASK Trade & Exhibitions Pvt Ltd, a local event management company, organised the event.