Home / Knowledge / News / Apparel/Garments / Nepal's RMG, Pashmina exports rise in 5 months of FY'14
Nepal's RMG, Pashmina exports rise in 5 months of FY'14
17
Jan '14

Nepal’s exports of readymade garments (RMG), hand-knotted woolen carpets, and Pashmina to countries other than India increased during the first five months of the current fiscal, which began on July 16, 2013. 

The exports of these products have increased due to the hike in prices of some of these products as well as the depreciation in value of the Nepali rupee against the US dollar, reports The Himalayan Times.
 
The Nepali currency value on July 16 was Np Rs 95.012 for one US dollar, which was quoted on December 15, 2013, at Np Rs 99.32 for one US dollar.
 
Exports of RMG from Nepal to countries other than India, during the first five months of the current fiscal year shot up by 28.8 percent and amounted to Rs 1.65 billion, compared to the same period last fiscal, when exports of RMG from Nepal to other countries had declined by 44.9 percent to Rs. 1.28 billion.
 
Nepal’s exports of hand-knotted woolen carpets to other countries, during the five-month period of the current fiscal, jumped by 19.3 percent year-on-year, and touched Rs 3.12 billion. During the same period last fiscal exports of woolen carpets had dipped by 10.1 percent to Rs 2.61 billion.
 
Pashmina exports from Nepal during the same period increased by 35.8 percent to Rs 1.03 billion, owing to the rise in production cost. During the first-five month period of last fiscal, Nepal’s Pashmina exports had plunged by 44.6 percent to Rs 760.9 million.
 
Exports of Pashmina from the country increased immensely owing to the trademark registration of the Chyangra Pashmina produced in Nepal, in various countries.
 
The surge in exports of these three products from Nepal to countries other than India during the first five months is attributed to the hike in prices of these products as well as the depreciation of the Nepalese currency. 
 
According to the NRB data, during the financial year that ended on July 15, 2013, Nepal exported garments worth around Rs 4 billion, carpets worth Rs 6.075 billion, and Pashmina products worth Rs. 2.07 billion.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Urs Stalder
Sanitized AG

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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

September 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
Sustainability?

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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

Active Poll

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

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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