Home / Knowledge / News / Textiles / Nepal's pashmina export revenues fall despite incentives

Nepal's pashmina export revenues fall despite incentives

28
Apr '19
Nepal
Nepal’s pashmina export revenues are plunging despite high priority accorded to the sector, say officials. According to Nepal Rastra Bank, export revenues were Rs 2.45 billion in fiscal 2016-17, and dropped to Rs 2.28 billion in 2017-18. Shipments in the first eight months of 2018-19 ending mid-July were worth Rs 1.52 billion, down 1.14 per cent year on year.

Pashmina is one of Nepal’s major export earners.

As government investment in the sector has failed to yield the desired results, there is a need to rigorously review the business process of Nepali pashmina, Sharad Bickram Rana, executive director of the Trade and Export Promotion Centre, said.

According to the association, Nepal imports almost all pashmina yarn primarily from China. Manang, Mustang and Dolpa districts are the largest producers of pashmina products among the 14 districts in the country where such products are manufactured. These three districts can annually produce at least 4 tonnes of pashmina, according to a report in a top English-language newspaper in the country.

Counterfeit products made of viscose and polyester too are a major worry for the industry now, said Durga Bikram Thapa, president of the Nepal Pashmina Industries Association. He gave the example of Nepal’s woollen carpet industry, which went from boom to bust in the last decade due to poor quality.

The pashmina industry also receives aid from international organisations like the World Bank and the International Trade Centre, a multilateral joint agency under the World Trade Organisation and the United Nations.

The International Trade Centre provided $1.8 million to improve the quality of production and design and promote the collective pashmina trademark Chyangra in the international arena through its Pashmina Enhancement and Trade Support project.

The project lasted from 2014 to 2017. The organisation has plans to extend the project, but is reportedly reluctant due to the slow progress of the Nepali pashmina sector. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Nigeria's NEPC restores AGOA visa stamp to exporters

Apparel/Garments | On 23rd May 2019

Nigeria's NEPC restores AGOA visa stamp to exporters

The Nigerian Export Promotion Council (NEPC) recently re-introduced...

France to lead global fashion sector sustainability drive

Fashion | On 23rd May 2019

France to lead global fashion sector sustainability drive

French President Emmanuel Macron is using Kering SA chief executive...

BGMEA to set up RMG Sustainability Council for monitoring

Apparel/Garments | On 23rd May 2019

BGMEA to set up RMG Sustainability Council for monitoring

The Bangladesh Garment Manufacturers and Exporters Association...

Interviews View All

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

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

Keith Mcmillan, Bebop Sensors

Keith Mcmillan
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


June 2019

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

news category


Related Categories:

Advanced Search