Home / Knowledge / News / Textiles / Nepal handicraft exporters seek change in export mechanism
Nepal handicraft exporters seek change in export mechanism
20
Apr '13
Federation of Handicraft Associations of Nepal (FHAN) is seeking a change in the country’s handicraft export mechanism to be able to draw better export estimates.
 
The Federation said Nepali handicraft exports are quite encouraging, but it becomes difficult to draw the exact export estimates, in the absence of a proper monitoring mechanism, hence the Government should develop an advanced mechanism to draw an accurate idea of actual exports, The Himalayan Times reported.
 
Over 80 percent of the country’s handicraft exports take place through trading firms engaging in merchandise export. However, as these firms are not authorized channels for merchandise exports, exports through them are never counted, FHAN said.
 
FHAN Director General Dilip Khanal said that both Indian as well as Nepali authorities are optimistically considering authorizing merchandise export. 
 
He said they have even urged the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) several times to allow duty free exports of merchandise, however FNCCI has not decided on it yet, Mr. Khanal said.
 
He said India is a key market for Nepali handicrafts, and hence the Government should also consider allowing cash incentives for exporters to India, operating through formal banking channels.
 
Besides, FNCCI should also come forward and authorize merchandize export through trading firms.
 
Briefing on export figures, Mr. Khanal said as per the central bank statistics, Nepal’s handicraft exports to India have plummeted by about 72 percent to Np Rs. 16.1 million in the first eight months of the current fiscal that began on July 16, 2013, as compared to exports of NP Rs. 57.5 million made during the corresponding period of last year.
 
Meanwhile, handicraft exports to other countries also dipped by 49.7 percent year-on-year during the eight-month period, he added.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

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

Eric Scholler
Groz-Beckert

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

Ritu Kumar
Label Ritu Kumar

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do 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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search