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Bangladesh’s exports of leather and leather products in the first six months of the current financial year (July-December 2017) brought in USD 620 million. This represents a fall of 1.2 percent compared to the same period a year earlier.
Tannery group PrimeAsia has said it will be adding extra tanning capacity from March 2018 to help it deal with a surge in demand that led to backlogs and long lead times.
India’s National Green Tribunal (NGT) ordered the closure of 19 tanneries in the Jalandhar district of Punjab at the end of December.
As the year is about to close the local Association of Leather and Footwear Producers is estimating the yearly value of exports of the leather and footwear companies year to exceed USD 110 million.
Reports from Pakistan say a delegation of World Bank officials has visited the city of Sialkot to see at first hand developments with a new leather manufacturing cluster there, raising hopes that the World Bank may help fund the project.