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

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

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Top executives
Textile industry

The foremost issue is bridging the skill gap

Nitesh Mittal

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

Urmil Arya

Sushila International, a well established textile organisation established ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

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

Marcel Alberts
Eurofibers

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

Madhu Jain
Madhu Jain

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

Silvia Venturini Fendi
Fendi s.r.l

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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