Home / Knowledge / News / Apparel/Garments / Rise in Nepali garment export could help India
Rise in Nepali garment export could help India
01
Jun '09
A new US Bill would boost the struggling apparel industry in Nepal. This US Bill has introduced a trade relief for apparel and textiles imported from Nepal. Many of the Indians associated with Nepal's apparel industry would be benefited through this development indirectly.

Members of Garments Association Nepal (GAN) informed that the recent bill would provide duty-free status to textiles and apparels imported from 14 least developed counties (LDCs), which includes Nepal too.

US stands second in the list of largest importers of Nepali apparels and textile. In the year 2007-08, Nepal exports to the US stood at $940 million, which was 8 percent of Nepal's total export.

Garments export covers the major part of Nepal's exports to the US. As per the statistics of GAN, 90 percent of Nepal's total apparel export in the year 2001-02 was to the US but in 2007 this export saw a sharp downfall and slipped to 62 percent, the decline still continuing into 2009.

A further fall has been recorded by the Nepali garments export since January 2009, when it witnessed the plunge of 73 percent in the first month of 2009, compared to the same period in 2008.

This slide in exports continued further with a fall of 65 percent, 31 percent and 58 percent during the months February, March and April respectively.

Experts said that the labour-intensive industry would definitely be helped by the new US bill. An industrially and financially weak country like Nepal deeply needs this type of bill since; 15 years ago the number of garment companies was 450 that have now been reduced to 10-15 today.

As Nepal and India have open borders a large number of Indian workers from border areas work in Nepali garment factories. Many of the garment factories in Nepal run on finance from across the border and for purposes of shipment it does it though Kolkatta or Mumbai sea ports.

This involves many Indian traders and handling agents in Nepal's export operations and all these traders and the handling agents will be benefited with the increase in Nepal's garment export to the US.

Fibre2fashion News Desk - India


Must ReadView All

Uzbekistan, S Korea to launch textile techno park in Sept

Textiles | On 19th Feb 2018

Uzbekistan, S Korea to launch textile techno park in Sept

Uzbekistan and South Korea plan to launch a modern textile techno...

Hyosung to invest Rs 3,000 cr in Maharashtra spandex unit

Textiles | On 19th Feb 2018

Hyosung to invest Rs 3,000 cr in Maharashtra spandex unit

The largest global spandex producer Hyosung Corporation of South...

Courtesy: VF Corporation

Apparel/Garments | On 19th Feb 2018

VF Corp Q4 revenue climbs 20% to $3.6 billion

The revenue of VF Corporation, a global leader in branded lifestyle...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

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

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

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Mark Paterson
Technical Absorbents Ltd

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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