Home / Knowledge / News / Apparel/Garments / Study underlines potential of Nepal's garment industry
Study underlines potential of Nepal's garment industry
01
Jul '16
Nepal's readymade garment exports could exceed $1 billion, resulting in the direct employment of 100,000 people even if the industry can tap even 0.05 per cent of the potential $200 billion US market, according to a recent study.

Nepal's Ministry of Industry, in collaboration with the UK Aid funded Samarth, had commissioned an assessment on country's garment industry after the introduction of duty-free, quota-free access to some 66 items to the market in the US, which was the largest market for Nepal's garment industry in the past.

A firm based in Bangladesh, which has carried out similar studies in Bangladesh and Ethiopia, was assigned to assess the current situation and competitive scenario of Nepal's garment industry through discussions with all relevant stakeholders in the garment industry.

A validation workshop was held in Kathmandu on Wednesday to share the findings with the stakeholders to shape coherent strategies and action plans that the industry actors and government can pursue in the near future to promote the industry.

A comparative study with Bangladesh (an established market) and Ethiopia (an emerging market) showed that Nepal had a much higher minimum wage and transport lead time, and the government policies were much more export-friendly in those countries compared to Nepal, according to a press release.

“However, the findings pointed out that Nepal can compete in the global market by diversifying away from USA and producing small quantities of customised and specialised products with higher profit margins to cover higher costs.”

The complete report will be ready by the end of July and will be submitted to all stakeholders, including the Ministry of Industry, for implementation, the release said. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Suresh Patel
Sidwin Fabric

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

Lynda Kelly
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

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

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 2017

February 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