Home / Knowledge / News / Apparel/Garments / Garment Association Nepal reviews 2010-11 budget
Garment Association Nepal reviews 2010-11 budget
Nov '10
Garment Association Nepal (GAN) has expressed its anguish over the government's decision of not including its demands in the budget for the current fiscal. It placed several demands before the government like elimination of the 25 percent penalty on bank guarantee, raising the time limit for producing goods from 14 to 18 months from the date of importing the inputs, setting up a Special Economic Zone for apparel and to press for earning a duty-free access for Nepali garments in US markets.

However, GAN has given its approval for a few provisions of the current budget that are likely to aid the country's industrial growth.

GAN welcomed the assurance provided under the budget to boost the growth of private sector by way of creating investment friendly atmosphere in the country, and added that the incentives for industries with over 100 workers, health and security facilities for industries with over 500 workers and providing diesel to the manufacturing industries at subsidised rates are some of the constructive points of the budget.

Meanwhile, it even appreciated the budgetary provision of providing export industries with two to four percent of their overall foreign exchange earnings as cash incentives and also the provision of offering 25 percent tax rebate on their total earnings.

Fibre2fashion News Desk-India

Must ReadView All

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Interviews View All

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Eric Scholler

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

Mark Paterson
Technical Absorbents Ltd

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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