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Nepali Pashmina dreams big with global patent
29
Jun '09
Nepal had earlier received the first of its International Patent Rights (IPR) for the Pashmina from Norway and now it has got the same registered in Japan, its biggest customer for Pashmina products, along with Australia.

Pashmina is one of the most exportable goods from Nepal and it also has been able to create a mark in fashion capitals of the world and at one time was the third biggest export revenue generator from the country.

Manufacturers of the Pashmina had applied for registering the patent with several countries in a bid to differentiate the product from the likes of cashmere which is sold and exported from the likes of India and China.

Exports of Pashmina which had stood at Rs 7 billion in 2000, slid to just Rs 540 million in the previous year, but has been able to regain ground by growing by 21 percent to touch Rs. 632 million in the first eleven months of the current fiscal.

Nepal Pashmina Industries Association (NPIA), which is undertaking efforts to register the Pashmina patent, has already applied for the same in all the countries of the European Union, US, Canada and Russia.

The government on its part to help the Pashmina exporters has released a budget of Rs 12.4 million to help the NPIA meet the expenses of registering the Pashmina patent in different countries across the world.

Fibre2fashion News Desk - India

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