Pashmina products experience export growth

12 Feb '10

1 min read

In first five months of the current fiscal year, metal and wooden handicraft goods export recorded a robust increase of 203.9 percent to Rs. 473.5 million, according to the microeconomic situation issued by Nepal Rasta Bank (NRB).

This export surge was an outcome of the removal of an export ban on the shipment of metal craft to China and improved participation of Nepali handicraft producers in global trade fairs. During same period of last fiscal, these exports had stood at Rs. 155.8 million.

The key markets of Nepali handicraft items are U.S.A, Germany, France, the U.K., Australia and Japan. Handmade paper and paper products exports also went up to Rs. 382.9 million, recording 119.1 percent growth against Rs. 174.8 million of previous year exports.

In this mounting trend of exports, Nepali Pashmina products experienced around 30 percent growth to Rs. 739.8 million which are anticipated to see further increase on account of the recent launching of the Chyangra pashmina logo.

However, the shipment of silverware and jewelry slipped down by 31.1 percent to Rs.93.8 million from Rs.136.2 million of last year. This export plunge was attributed to blending cadmium with silver products.

Fibre2fashion News Desk - India

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