Home / Knowledge / News / Textiles / Handicraft exports register growth to beat downtrend
Handicraft exports register growth to beat downtrend
29
Jul '09
It seems that the handicrafts export of Nepal has not been affected by global financial crisis as the exports for the fiscal year 2008-09 witnessed a growth of 13 percent compared to last year.

During this fiscal year, Nepal exported Rs.3.02 billion of handicraft goods against Rs. 2.6 billion in 2007-08 and which in that fiscal year had slipped by 1.24 percent when corresponded with 2006-07.

The President of Federation of Handicraft Association of Nepal (FHAN) Mr. Pushkar Man Shakya said that this export is mostly supported by the products such as woolen goods, pashmina, Dhaka products, felt products and silver jewelry.

But he said that these exports still are not satisfactory as the industry would have achieved more if it had received government's support for the export of products by setting at least an export target.

FHAN figures revealed that last year, US imported highest Nepali Handicraft products amounting to Rs. 801.8 million and Germany was the second in importing Rs. 321.2 million worth of goods while UK stood third with imports worth Rs. 235.9 million.

Whereas Japan, which was on third position in the year 2007-08, was fourth this year with the imports of handicraft goods totaling to Rs. 229.7 million and France came fifth with Rs. 185.3 million.

The FHAN president said that uniqueness and quality of products as well as competitive prices are the factors due to which, the recession has not affected the industry and most of the overseas buyers of these products are regular customers.

Considering category-wise exports in 2008-09, export of textile handicraft goods boosted by 20 percent in growing from Rs. 1.76 billion compared to Rs. 1.46 billion in the previous fiscal year. Felt, woolen, Pashmina goods and Dhaka product's exports increased by 31 percent, 27 percent, 18 percent and 84 percent respectively.

Fibre2fashion News Desk - India


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Manoj Sorathiya

Surat-based Sunrise Imports &amp; Exports Co is a manufacturer and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search