Home / Knowledge / News / Textiles / Nepal's private sector keen to develop handicraft village
Nepal's private sector keen to develop handicraft village
13
Jan '12
The private sector in Nepal has expressed interest in developing an International Convention Centre and Handicraft Village in the country's capital Kathmandu.

Mr. Suraj Vaidya, President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), said if the Government approves the private sector concept, FNCCI can pay Nepali Rs. 350 million to Nepal Industrial Development Corporation (NIDC) for developing a handicraft village on Himal Cement property.

Addressing the annual general meeting of Federation of Handicraft Association of Nepal, the FNCCI President said the Government is currently focusing more on revenue generation, rather than development of the private sector in the country. He suggested that the Government should shift its focus on developing the private sector as it would not only bring additional revenues but also help in employment generation.

Bikash Ratna Dhakwa, President of Federation of Handicraft Association of Nepal, also emphasized on the need for development of handicraft village and imparting more skills to handicraft artisans.

Nepal Chamber of Commerce (NCC) President Suresh Kumar Basnet urged the Government to give three percent cash incentive for exportable products in view of the prevailing high interest rates of banks that act as an hurdle for the exporters to compete in international markets.

He said the Government should make loans available at 4.5 percent interest to the private sector. He added that the private sector is currently paying interest at high rates of between 12 to 15 percent, which has made Nepali products expensive and the private companies are unable to compete in global markets.

Handicraft items are one of the major foreign exchange earners for Nepal. During the initial five months of Nepali fiscal year that started on July 16, 2012, handicraft exports from Nepal increased by 40.46 percent year-on-year.

Meanwhile, FNCCI and NCC have come together to prepare a draft export policy for Nepal's private sector. Mr. Vaidya said the country's private sector needs its own policy for promotion of its exports as the Government has so far not heard their pleas for development of private sector.


Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

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

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:
July 2017

July 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