Home / Knowledge / News / Textiles / Nepali carpet exports down 6.8% in Q1 FY17
Nepali carpet exports down 6.8% in Q1 FY17
14
Dec '16
Courtesy: CCIA
Courtesy: CCIA
The value of carpet exports from Nepal has fallen by 6.8 per cent in the first three months fiscal year 2016-17 to Rs 2.07 billion, compared to exports of Rs 2.22 billion in the in the first quarter of last fiscal. In terms of quantity too, carpet exports have dropped by more than 20 per cent to 133,000 square metres in the first three months of 2016-17.

Explaining the reason for decrease in carpet exports, Anup Bahadur Malla, chairman of Export Promotion Committee of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) said, “Indian and other foreign brand carpets are up to 30 per cent cheaper compared to Nepali carpets because production cost of Nepali carpets is high.”

Nepali carpets can be made more competitive in the global market by bringing down the price by increasing export incentive, Malla added, according to a leading Nepali daily report.

Under the Nepal Trade Integration Strategy (NTIS), carpets have been identified as one of the export products with competitive advantage. Still, global customers are not choosing Nepali carpets due to their high price, he said.

In 2015-16, Nepal’s carpet exports were valued at Rs 8.6 billion, with the US, western Europe and Australia being major markets.

Meanwhile, the Central Carpet Industries Association (CCIA) has urged the government to mark 2017 as ‘Export Year’. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: UNCTAD

Textiles | On 22nd Oct 2020

Trade rebounds marginally in Q3, stays negative: UNCTAD

The United Nations Conference on Trade and Trade and Development...

Pic: Shutterstock

Apparel/Garments | On 22nd Oct 2020

APAC garment units suffer as COVID hits supply chain: ILO

The COVID-19 crisis has badly hit the garment sector in the...

Pic: Shutterstock

Textiles | On 22nd Oct 2020

RCEP pact likely to be signed at 4th RCEP Summit in Nov

The Regional Comprehensive Economic Partnership (RCEP) is likely to...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Footwear industry, Head honchos

Footwear industry
Head honchos

Personalised and differentiated footwear is in high demand

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Paolo Toricella,

Paolo Toricella

Electronics for Imaging (EFI) is a global technology company, based in...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ian Russell, Pireta

Ian Russell
Pireta

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

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

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


October 2020

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


Advanced Search