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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Urs Stalder
Sanitized AG

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search