Home / Knowledge / News / Apparel/Garments / Nepal garment sector urges quick approval of SEZ Bill
Nepal garment sector urges quick approval of SEZ Bill
05
Mar '12
Garment manufacturers and exporters in Nepal are seeking speedy approval of the Bill for setting up two Special Economic Zones (SEZs) for garment, carpet and handicraft industries, which is awaiting the Senate's approval for the past three years.

Mr. Uday Raj Pandey, President of Garment Association - Nepal (GAN) told fibre2fashion, “The SEZ Bill is pending in the Senate, where it was tabled by the Ministry of Industry about three years ago. At the Annual General Meeting of GAN, we requested the Ministry of Industry to quicken the process of approval of the Bill as it would make exports from Nepal more competitive.”

Giving reasons for the Bill not being approved by the Government, he says, “As per the Ministry of Industry, the Bill is facing opposition from some of the members of the ruling party. According to the Ministry, they cannot table the Bill unless there is a consensus among all the parties that are in the ruling coalition Government.”

Informing about the benefits after the SEZ Bill is passed, he says, “One SEZ is going to be set up in Simara, near the dry port and another at Bhairahawa, bordering India. These locations will reduce our transportation costs and make our goods more competitive.”

“The SEZs would benefit not only the garment sector, but also other sectors like carpets, handicrafts, etc. Further, according to the SEZ Bill, there will be benefits like rebate on income tax, relaxation on the Labor Act, etc., which are not available outside the SEZs,” he adds.

“Inside the SEZs, we are planning to have a cluster type of backward linkage where various processing units such as dyeing, finishing, etc. will be set up in the garment processing zone to speed-up the production process,” the GAN President reveals.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X