Home / Knowledge / News / Apparel/Garments / Nepal's garment exports surge 46.3% in 2013-14
Nepal's garment exports surge 46.3% in 2013-14
31
Dec '14
The exports of readymade garments from Nepal increased by a sharp 46.6 per cent to Np Rs 5.604 billion (US$ 55.266 million) in financial year 2013-14 that ended on July 15, 2014, compared to exports of Rs 3.824 billion made during the previous fiscal, according to the figures released by the Trade and Export Promotion Centre.
 
Woollen carpet exports, too, grew by 30.5 per cent to Rs 7.384 billion during the last fiscal, over Rs 5.660 billion worth of exports made in financial year 2012-13, the data showed.
 
The exports of cotton, polyester and other yarns earned Rs 6.434 billion for Nepal during the period under review, up 10.3 per cent year-on-year, while fabric exports grew at 4.7 per cent year-on-year to Rs 5.653 billion.
 
Similarly, exports of woollen and Pashmina shawls from Nepal increased by 29.4 per cent year-on-year to Rs 2.821 billion during the fiscal year, as per the data.
 
Meanwhile, Nepal’s imports of articles of apparel and clothing accessories jumped by 25.6 per cent year-on-year to Rs 11.288 billion, whereas its imports of man-made staple fibres climbed 18.9 per cent to Rs 10.356 billion. Imports of cotton yarn and fabrics increased by 12.6 per cent to Rs 4.923 billion during the period under review.
 
In fiscal year 2012-13 that ended on July 15, 2013, Nepal earned Rs 5.66 billion from exports of woollen carpets, Rs 3.824 billion from readymade garments, Rs 5.835 billion from yarns, Rs 5.399 billion from fabrics, and Rs 2.179 billion from woollen and Pashmina shawls.
 
In comparison, Nepal spent Rs 4.373 billion on import of cotton yarn and fabric, Rs 8.711 billion on man-made staple fibres, and Rs 8.99 billion on articles of apparel and clothing accessories.
 
To further boost the country’s apparel industry and promote import substitution, Nepal Government has waived value-added tax (VAT) for readymade garment industries for financial year 2014-15. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

Trade & consumers want MDR free digital payments: CAIT

Apparel/Garments | On 12th Dec 2017

Trade & consumers want MDR free digital payments: CAIT

Transaction charges like the merchant discount rate (MDR) applicable...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

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...

Eamonn Tighe
Nature Works LLC

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Divvya and Nidhhi Gambhir
Walnut

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

December 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
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

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
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

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
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

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
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


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