Home / Knowledge / News / Apparel/Garments / RMG exports to US witness turmoil
RMG exports to US witness turmoil
06
Mar '10
Overall readymade garment (RMG) exports of Nepal in the month of February stood at $361,918.55. These exports to the US recorded a steep fall of 60 percent against the exports in same month of last year.

However, following the waiver of four percent additional charge announced in the Indian budget, garment industries are anticipating minimum 25 percent growth in exports to India during this fiscal.

India has emerged as a huge RMG market for Nepal over past few years. Total garment exports of the country to India are increasing by up to 50 percent, whereas these exports to the US are witnessing downfall, informed Mr. Prashant Kumar Pokharel, President Garment Association of Nepal (GAN).

He added that the four percent waiver in additional charge on garment exports would definitely prove to be beneficial for Nepali RMG industry, but for the complete revitalization of the industry, it needs to take further measures.

In the year 2009, total exports of Nepali RMG to the US dropped by a whopping 90 percent compared to 2005 export data. While to India, these exports slipped sharply by 84 percent in the initial five months of this fiscal.

Mr. Pokharel further said that presently only 20-25 small and just five big industries are operational in the country. The plan of setting up a Garment Processing Zone in the Export Promotion Zone is still hovering uncertainly over past seven years. The industry is also suffering from lack of security and labour flexibility, he added.

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Rupa Sood and Sharan Apparao
Nayaab

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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