Home / Knowledge / News / Textiles / Nepal carpet exporters urge govt to reduce tax
Nepal carpet exporters urge govt to reduce tax
03
Mar '14
The Nepal Carpet Exporters’ Association (NCEA) has urged the Government to reduce tax to stop the decline in carpet exports from the country, The Himalayan Times reported.
 
Addressing the ninth annual general meeting of NCEA, the organization’s president Anup Bahadur Malla said Nepal’s carpet exports have fallen to about 600,000 metres at present from about 3.3 million sq m exports in the early 1990s.
 
Explaining the reason for drop in carpet exports from Nepal, Mr. Malla said the price of Nepali carpets in the international market is higher compared to Indian and Chinese carpets.
 
Nepali carpets are becoming expensive in global markets due to increase in cost of imported raw materials, rise in labour cost and lack of subsidies provided by the Government, he added.
 
He suggested that the Nepali Government reduce the tax by placing the carpet industry under the cottage and small scale industries, as it existed prior to 1998. He also pleaded for complete tax exemption on carpet exports.
 
Stating that the Nepali carpet industry at present provides jobs to around 100,000 people, directly or indirectly, he urged the Government to introduce a policy to retain foreign job migrants to minimize the labour cost.
 
Mr. Malla said the Indian and Chinese carpets are about 30 percent cheaper than the Nepali ones, and hence the Government should reduce taxes and give subsidies to enable the Nepali carpet sector to compete in the international market.
 
Ram Sharan Mahat, who recently took office as Nepal’s Minister of Finance, gave assurance that the Government would try its best to promote the country’s exports.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Poojaa Kumar Deepak
Zeven

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

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Steve Cole
Xerium Technologies

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Paolo Ocleppo
Sandvik Hyperion

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

Ritu Kumar
Label Ritu Kumar

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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