Home / Knowledge / News / Apparel/Garments / Nepal govt may soon include garments & carpets in NTIS
Nepal govt may soon include garments & carpets in NTIS
26
Aug '13
Prospects for inclusion of readymade garments and hand-knotted carpets in the Nepal Trade Integration Strategy (NTIS) 2010 priority product list seem to be getting brighter. 
 
In spite of the two product categories contributing a great share in the country’s overall exports, these items have not been included in the NTIS list of 19 priority items, and hence industrialists and exporters have continuously been lobbying for their inclusion in the list.
 
In view of this lobbying from exporters, the Ministry of Commerce and Supplies has decided to hold a mid-term review of NTIS 2010, and is also likely to review its product list, Chhabindra Parajuli, Under-Secretary at the Ministry said, Himalayan Times reported.
 
The review would assess and evaluate all the projects undertaken under the NTIS programme. 
 
Meanwhile, the Ministry plans to soon begin research and analysis of products already included in NTIS and other products which have good prospects for inclusion in the reviewed list, he added.
 
According to exporters, special efforts need to be made to promote garments and carpets globally. However, waning exports and difficulties faced in finding new markets for products listed in NTIS list has made exporters uncertain regarding the benefits for an item in being listed in the priority product list. 
 
For the Nepali financial year that ended on July 15, 2013, the country’s pashmina exports stood at Np Rs. 2.07 billion, compared to exports of above Rs. 1.9 billion in 2011-12. However, exports of most of the other products included in the NTIS priority list faced decline during the period.
 
The issue regarding inclusion of garments in the NTIS was first raised during a National Business Forum (NBF) held in October 2010. However, in September last year a High Level Business Forum headed by Nepal’s Prime Minister Dr. Baburam Bhattarai resolved to include readymade garments in the Nepal Trade Integration Strategy (NTIS), but then the Ministry of Commerce and Supplies has yet not accorded its final approval to the same.
 

Fibre2fashion News Desk - India


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search