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Exporters to set up new entity to import wool
06
Oct '10
With a view to import superior quality wool from foreign countries at low cost, the producers and exporters of Pashmina items have come to a decision, to establish a separate entity.

Such a system of channelizing import and export of wool, a key input used in manufacturing Pashmina products, would guarantee standardized quality apart from reducing the cost, according to the Nepal Pashmina Industries Association (NPIA).

In order to bring life to this idea of importing wool in large volumes, they have already started process of enrolling a co-operative at the Kathmandu District Co-operatives Office.

The Association is also toying with the idea of producing wool within the country through conducting a survey by the cooperative.

Till now, the producers of Pashmina items independently imported small quantities of raw wool, as per the requirement of the order, since it is difficult to envisage future export orders.

Around 60 percent of Nepal's overall export of Pashmina products is towards Europe, whereas USA accounts for 30 percent of the total exports, while rest 10 percent goes to Asian countries including Japan and South Korea.

Fibre2fashion News Desk - India

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