Home / Knowledge / News / Textiles / Nepal's garment, pashmina & wool exports continue to fall
Nepal's garment, pashmina & wool exports continue to fall
19
Jun '13
The exports of readymade garments, pashmina and woolen carpets from Nepal have shown double-digit decline during the first ten months of the current fiscal year, which began on July 16, 2012, according to Nepal’s central bank – Nepal Rastra Bank – statistics.
 
Nepal’s garment exports to third countries (except India) fell down by 27.9 percent year-on-year to Np Rs. 2.5 billion, during the first 10 months of 2012-13 period, Republica reported.
 
Nepal´s apparel exports are seeing a negative growth since the US Government ended its duty-free-quota-free facility, in 2005. 
 
During the ten-month period, Nepal’s pashmina-made items worth Rs. 1.26 billion were sold overseas, recording a dip of 51 percent year-on-year.
 
The Pashmina entrepreneurs of Nepal are worried that the amount given by the Government towards promotion is insufficient to support the industry for exploring new markets, which has reduced its exports in the past few years.
 
Nepal’s carpet exports to third countries declined by 12.9 percent y-o-y to Rs. 4.95 billion, during the period under review.
 
Meanwhile, Nepal imported clothing worth Rs. 2.47 billion from India during the same period, recording a fall of nine percent compared to the same period in the last fiscal year. Garment imports from third countries, mainly from China, also fell by 27.9 percent to Rs. 2.5 billion.
 
Recently, the International Trade Centre (ITC), a subsidiary organization of the World Trade Organization (WTO), has promised a US$ 2 million aid for Nepal’s Pashmina Enhancement and Trade Support (PETS) project, to support the country’s pashmina industry.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2021

Bangladesh apparel exports decline 2.99% in H1 FY21

Readymade garment exports from Bangladesh declined by 2.99 per cent...

Pic: PRNewsfoto/Goat Group

E-commerce | On 22nd Jan 2021

Groupe Artemis makes strategic investment in Goat Group

Goat Group, the global platform for the greatest products from the...

Pic: Citi Trends

Retail | On 21st Jan 2021

Citi Trends to open 100 new stores by fiscal 2023-end

Citi Trends, Inc, a US-based value-priced retailer of fashion...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Fabio Grandis,

Fabio Grandis

Italian company Grandis SRL has been operating in the textile industry for ...

Rajesh Vig & Ritu Vig,

Rajesh Vig & Ritu Vig

Rajesh Vig and Ritu Vig, promoters of the kidswear brand Happy Feet,...

Arup Chakraborty,

Arup Chakraborty

Mirrorsize is a US-based start-up that provides artificial intelligence...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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