Home / Knowledge / News / Apparel/Garments / Nepal govt to support garment sector: Finance Minister
Nepal govt to support garment sector: Finance Minister
Aug '13
The Government of Nepal would soon launch programmes for the support of the garment sector, Finance Minister Shanker Prasad Koirala has said.
Addressing the 22nd Annual General Meeting of Garment Association-Nepal (GAN), Mr. Koirala said the budget for 2013-14 has programmes to boost the export-oriented industries, and programmes to support the garment sector would be launched soon.
Mr. Uday Raj Pandey, president of GAN, said the Government had decided to provide 2 percent cash incentive for exports to third country (i.e. countries other than India), but had backtracked and provided incentive of only 1 percent last year.
He urged the Government to implement its earlier decision of 2 percent cash incentive to third country exports.
He asked the Government to take up the issue of 12 percent countervailing duty (CVD) with the Indian Government and request for its rollback on Nepali readymade garments.
He also urged the Government to sign a Free Trade Agreement (FTA) with the US, so as to increase Nepali exports to that country.
Garments were once the second-largest export item, after hand-knotted carpets, during 1990-2000, and fetched Np Rs. 13.12 billion at is peak.
However, garment exports declined to Rs. 11.89 billion in 2003-04, and then to Rs. 4.6 billion in 2011-12.
In the first eleven months of Nepali fiscal year 2012-1 3 that began on July 16, 2012, Nepal exported garments worth Rs. 3.33 billion.

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

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Pinkesh Jain
Everflow Petrofils Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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