Home / Knowledge / News / Apparel/Garments / Nepal's footwear imports double as exports stagnate

Nepal's footwear imports double as exports stagnate

29
Mar '19
Nepal
Nepal’s import bill on footwear increased over two fold to Rs 5.33 billion between July 15 last year and February 15, primarily because of a significant rise in low-cost imports from China, according to statistics released by the Nepal Rastra Bank. Nepali footwear exports, however, plunged by 18.2 per cent to Rs 726.5 million during the same period.

Nepal imported footwear worth Rs 4.47 billion from China in the first seven months of the current fiscal, according to a report in a top newspaper in Nepal.

The cost of domestic footwear production has increased this year with rise in labour costs, Krishna Kumar Phuyal, president of Footwear Manufacturers Association Nepal, said.

Traders say the burgeoning middle class buyers in Nepal now prefer foreign goods. Local manufacturers too have been focusing on expanding their domestic market shares instead of targeting the export market.

Despite government incentives for the sector, footwear reportedly shows dismal performance against expectation.

There are around 1,500 footwear manufacturers in the country. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Jan 2021

Belarus unveils five-year light industry plan

Bellegprom, the light industry concern of the Belarusian ministry of...

Pic: USDA/FAS

Textiles | On 23rd Jan 2021

US cotton exports rise on China demand: USDA report

Despite US cotton production falling 5 million bales from the...

Pic: Shutterstock

Apparel/Garments | On 23rd Jan 2021

Explore new markets for RMG industry: Bangladesh minister

Bangladesh commerce minister Tipu Munshi recently highlighted the...

Interviews View All

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Textile Industry, Head honchos

Textile Industry
Head honchos

Virtual reality would be the new normal

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Mehul Vithalani,

Mehul Vithalani

Gopi Knitts is one of the most celebrated manufacturers and suppliers of...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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


January 2021

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


Advanced Search