The footwear industry in Bangladesh, originally established during the colonial era, modernized in the late 1980s, largely driven by Bata Shoe Company's large-scale manufacturing plant set up in 1962. Currently, the sector is experiencing a significant growth rate of 21% due to cheap labor attracting major manufacturers to relocate, and foreign investors showing interest, especially from countries like Japan and Germany. Bata Shoe Company continues to lead the market with a diverse product range and a strong distribution network, serving various consumer classes for nearly five decades.