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

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

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

Pranav Mishra

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

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

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


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search