Home / Knowledge / News / Apparel/Garments / Nepali govt plans incentives on garment exports
Nepali govt plans incentives on garment exports
Feb '12
Looking forward to uphold the domestic export sector and to encourage the enterprises in the country, the Nepali Government is considering export incentives for commodities like garments, carpets and handicrafts, which are largely exported to third countries.

The initiative proposed under the 'Immediate Action Plan for Economic Development and Prosperity' would allow the exporters of these items to avail additional incentives, Director General of Department of Industry, Dhurba Lal Rajbamshi, said.

These incentives would be different from the current cash incentive facility enjoyed by exporters.

In the past, the Ministry of Commerce and Supplies had recommended the Government for an export incentive facility, but the Centre gave a nod only for a cash incentive facility for exporters trading in convertible currencies.

In view of the set back suffered by the export sector around that period, the Cabinet on June 9 last year gave its approval for the cash incentive programme, to provide a boost to the industry.

As per the Government norms, an exporter becomes eligible for a two percent cash incentive for a product with 30 percent to 50 percent value addition, three percent incentive for product with 50 percent to 80 percent value addition and four percent incentive for a product with a value addition of beyond 80 percent.

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search