Footwear makers based in China are interested to invest in Bangladesh
Leather and footwear makers based in China are interested to make the investment in order to produce leather goods and footwear. Assumably, the Chinese investors are keen to establish their production units out of China in order to lower production cost. Recently, a visiting foreign business delegation from China explored avenues and ways to invest in Bangladesh.
In order to promote Bangladesh footwear industry to a visiting foreign business delegation from China, on Tuesday, 3 July 2018, LFMEAB member –Apex Footwear Limited –hosted a “Welcome Reception & Networking Event” at La Vita Hall of Lakeshore Hotel. The program was arranged to create an opportunity for people who are currently involved in the leather and footwear industry in Bangladesh to showcase their craftsmanship and quality footwear to leading players from the footwear industry in China. The event highlighted current footwear industry in Bangladesh and the opportunities currently offered to potential investors and suppliers. Further, a discussion session was held and moderated by Mr. William Wong, the organizer of the visit for the Chinese supply chain group. Other participants included Syed Nasim Manzur, Advisor, LFMEAB and MD of Apex Footwear Ltd, Mr. Abdul Momen Bhuiyan, Sr. Vice President, LFMEAB and Deputy Managing Director and Chief Executive Officer Apex Unit-1, Mr. Tipu Sultan – MD, Bengal Shoe Industries Limited; Mr. Sam Yu - MD, Blue Ocean Footwear Limited; Mr. Lam - the lead of the Chinese visitors; Mr. Ziaur Rahman – Director, LFMEAB and MD, Bay Economic Zone and Mr. Nasir Khan - Vice President, LFMEAB and Managing Director, Jennys Shoes Limited were present among others.
On the other hand, a business meeting between Bay Group and the Chinese investors' group has taken place at the Pan Pacific Sonargaon hotel in Dhaka recently with a view to establishing the industrial park. Around 18 Managing Directors and Chief Executive officers of Chinese footwear and leather companies, including Ju Qiang Flyknit, Shuang Qi Apparel & Footwear, Yan Shan Footwear Sole, Hua Xia Happiness, Jia Le Footwear Materials, and Emma Group were present at the event.