BLLISS 2017 becomes a Landmark event for Sourcing from Bangladesh

BLLISS 2017 becomes a Landmark event for Sourcing from Bangladesh Turnout

Maiden edition of BLLISS 2017 – Bangladesh LeatherFootwear Leathergoods Sourcing Show 2017 organized jointly by the Ministry of Commerce and Leathergoods & Footwear Manufacturers & Exporters of Bangladesh (LFMEAB) between November 16 and 18, 2017 at the International Convention Centre Bashundhara (ICCB) in the capital concluded successfully by creating a platform for International Buyer to Source from exporters of Leatherfootwear and Leathergoods from Bangladesh. The show gave an impetuous to the growth of the country’s export-oriented footwear and leathergoods-manufacturing sector, thus a landmark event for Buyers to source from Bangaldesh has been established. BLLISS 2017 helped establish business relationships with some of the leading OEMs, ODMs and OBMs from this fast growing production hub in the region.

The BLLISS-2017, taking the theme ‘Think Ahead, Think Bangladesh’, was inaugurated by Prime Minister Sheikh Hasina through videoconferencing. Commerce Minister Tofail Ahmed was present at the function at the ICCB as a special guest while eminent entrepreneur Syed Manzur Elahi and LFMEAB President M Saiful Islam also spoke.
The pre-recorded speeches of Industries Minister Amir Hossain Amu, State Minister for Foreign Affairs M Shahriar Alam and acting FBCCI President Sheikh Fazle Fahim were played at the function. PM’s Private Sector Development Adviser Salman F Rahman and Press Secretary Ihsanul Karim were present at Ganobhaban, among others, while Director General (admin) of the PMO Kabir Bin Anwar moderated the function. Ministers, MPs, diplomats, dignitaries and the leaders of different trade bodies were also present at the ICCB. An audio-video presentation on the past, present and the future of Bangladesh’s leather sector was projected at the function.

Leaders of industrial sector, world famous brands and international buyers from 15 countries, including China, India, Vietnam and Thailand, are participating in the show.
This maiden international exposition on leather footwar and leather-goods created an avenue for greater interaction among local and foreign entrepreneurs and promote the products on the global market. the event has received warm responses from the global buyers.Md Saiful Islam, president of LFMEAB, shared the information after successfully organising BLLISS 2017. Buyers, brands and business leaders from more than 20 countries, including China, India, Vietnam and Thailand, took part in the show.BLLISS 2017 has positively been highlighted in global industry magazines such as ModaPelle, International Leather Maker, Leatherage, and World Footwear Magazine, which bolstered Bangladesh brand image.BLLISS has been instrumental to change the mindset of the foreigners about Bangladesh’s leathergoods and footwear and help in attracting new buyers, Islam said in the statement.The leathergoods exporters have to sell country first and then the product, Syed Manzur Elahi, chairman of Apex Footwear Ltd, said in BLLISS Networking Dinner at the event.

Under the factory visit segment of BLLISS 2017, different brands and buyers visited leathergoods and footwear factories and were introduced with practices of production and management and overall culture of manufacturing and exporting in Bangladesh.“Some of the Bangladeshi factories are even much better than that of factories in Italy,” said William Wong, president of the Federation of Hong Kong Brands.As a potential investment relocation country, Bangladesh is being considered as emerging country in global footwear export market, Wong said.“BLLISS event was organised for the first time and it did show the professionalism in all aspects,” said Rachid Maliki, general manager for supply chain and procurements at RM Williams.“I talked to a few guests and the general feeling was very positive.”Around 70 international dignitaries, including business leaders of 16 footwear associations from Asian countries, visited BLLISS 2017.“BLLISS will help us to explore new avenues for business and overall growth of the leather industry,” said M Rafeeque Ahmed, former chairman of the Council for Leather India.

Trade show featuring 7 pavilions and 20 stands showcased leather footwear and leather goods that are being made in Bangladesh. • 3 breakout sessions focusing on key industry issues. • Networking dinner on 17 November provided opportunities for dialogue with industry leaders. Local footwear and leather-goods manufacturers and exporters hoped that foreign buyers would directly come to Bangladesh in the near future to place their orders through participating in large-scale expositions like BLLISS-2017. They also said the exposition created an opportunity for them to build up business relationships and share ideas about latest technologies and trends in the leather sector. Apex Footwear Ltd deputy manager (international business) Tusar Saha said his company took part in the sourcing show to explore future market. “Usually Bangladeshi companies join various international footwear and leathergoods shows abroad to entice foreign buyers, but it’s not that far when foreign buyers will come here to place their orders,” said the industry executive on a note of optimism. Organising events like BLLISS-2017 and robust campaign of such initiative globally will attract foreign buyers to Bangladesh, he added. Vulua Footwear Industries general manager Md Abul Kalam Azad said the show has been quite positive for them in terms of marketing their products to the visiting buyers and other participants.He hoped that the country’s leather sector would expand further with increased demand on the global market. Potential of Bangladeshi entrepreneurs to make quality products would also be brightened. Shadman Saqib Chowdhury, executive director of Bengal Leather Industries Ltd, another export-oriented footwear manufacturer, said the exhibition was a good platform to meet interested buyers as well as leather industry-related machinery- and other component suppliers. He said the response from the participants in the expo is quite good.

Bangladesh earned about US$ 1.23 billion by exporting various leather products in FY2016-2017 which made the sector second-largest export-earner for the country. The government, however, has set a target to earn $5.0 billion from exporting leather, leather goods and the footwear sector as part of the $60 billion overall export earnings by 2021. Diversification of exports is one of the key factors influencing the economic growth of Bangladesh. Bangladesh is rapidly emerging as a popular destination for the sourcing of leather goods and footwear. To facilitate the sector from multidimensional aspects, the Prime Minister declared leather, leathergoods and footwear as national ‘Product of the Year-2017’.

Why Source From Bangladesh : Availability of local raw material – 310 million sqft of leather is produced in Bangladesh annually. • Leather produced in Bangladesh has a reputation of high quality due to the size of the livestock and absence of commercial farming which ensures that the cattle are well taken care of. • Bangladesh has already established itself as the 2nd largest destination for RMG production and is one of the fastest growing destinations for leather and leather product sourcing. • Tari? and quota free access to the European Union (GSP), Canada, Australia & Japan. • Shipment facilities by frequently available air and sea port.

Display Profile :
FOOTWEAR : A range of children, men & women shoemakers, will be showcasing their latest collections & fashionable items such as: boots & high tops, pumps, ?ats oxfords, loafers, sports footwear, sneakers etc.
LEATHERGOODS : A handful of leathergoods manufacturers will display a wide variety of assorted leather items & accessories, ranging from handbags, shoulder bags, purses, pouches, wallets, briefcases, cases, travel bags, sports bags, vanity cases, belts, gloves etc.

Why Invest in Bangladesh ?
Bangladesh has a long established tanning industry which produces around 2-3% of the world’s leather from a ready supply of raw materials. • Abundant, competitive labour cost – ideal for labour intensive industry. • Government’s support in the form of tax holidays, duty free imports of raw materials and machinery for export-oriented leather market. • Tariff and quota free access to major markets such as the EU & Japan. • A tariff concession facility to major importing countries under Generalized System of Preferences (GSP) coverage. • 27% annual average export growth rate over the last 4 years. • Growing domestic market for footwear and leather articles (nearly ten million urban dwellers have annual incomes well in excess of $10,000 offering a sizable market for a widerange of goods and services). • Bonded warehouse facility. • Policy supports, export credit facility, fiscal and Non fiscal incentives.