In his Budget speech for Nepali fiscal year 2014-15, that begins on July 16, 2014, Finance Minister Ram Sharan Mahat has proposed special waiver of value-added tax (VAT) for readymade garment (RMG) industries. The step is aimed at ...
Tags: Mahat, Apparel, Accessories
The exports of readymade garments from Nepal increased by a sharp 52.8 percent to Np Rs. 3.615 billion (US$ 37.633 million) during the first eight months of the ongoing financial year that began on July 16, 2013, compared to exports of Rs. ...
The International Trade Centre (ITC), the joint agency of the World Trade Organization and the United Nations, under the supervision of Nepal’s Ministry of Commerce and Supplies will be launching a project next week to boost Pashmina ...
Tags: Pashmina Exports, Textile
The Government of Nepal has provided 2 ropanis (1 ropani = approx. 508.72 sq m) of land for setting up a Handicraft Design and Development Centre (HANDECEN) to the Federation of Handicraft Associations of Nepal (FHAN). The decision to ...
Tags: Handicraft, Textile
Facing slowdown in exports to traditional Western Europe market, which is passing through financial crisis, Nepali handicraft exporters were hunting for new destinations for exports, and have identified Brazil, East Europe, Mexico and ...
Tags: Nepali Handicraft, Textile Markets
To counter the severe competition and soaring cost of producing carpets, Nepali carpet manufacturers and exporters are now focusing on manufacturing of high-end carpets that face relatively less competition. Due to incursion of ...
Tags: Nepali Carpet, Textile
Three major export sectors of Nepal, namely, readymade garments, woollen carpets and Pashmina, have experienced a sharp decline in exports in recent months, owing to slump in demand from both the Western markets as well as its southern ...
Tags: Garment, Carpet Exports
Carpet exporters in Nepal foresee a sharp fall in country’s overall carpet exports during the current fiscal that started on July 16, 2012, as the hand-knotted carpets are losing ground in export markets, according to The Himalayan ...
Woollen carpet exports from Nepal grew by 21.98 percent year-on-year during Nepali fiscal 2011-12 that ended on July 15, 2012. Exports grew from 2010-11's Np Rs. 4.92 billion to Rs. 6 billion in 2011-12, according to statistics released by ...
Tags: Nepali Carpet Exports, Positive Growth, Export Promotion Centre