Search results
Canada, Europe, Australia and India
- In recent years, the major markets for Nepali readymade garments are Canada, Europe, Australia and India, with 90 percent of export to these countries.
kathmandupost.com › money › 2019/09/16
People also ask
Where do Nepali readymade garments come from?
Which countries export Nepali readymade garments?
How much is Nepal's readymade garment worth?
Why is Nepal's readymade garment industry growing?
Jul 26, 2020 · Updated at : July 26, 2020 09:40. Kathmandu. Foreign buyers have so far cancelled or held up orders worth Rs1.25 billion of readymade garments from Nepal in the wake of the Covid-19 pandemic, the Garment Association of Nepal said.
Sep 16, 2019 · In recent years, the major markets for Nepali readymade garments are Canada, Europe, Australia and India, with 90 percent of export to these countries. The remaining exports go to the US, said Aryal. Nepali readymade garment has been receiving duty-free facility in European countries and the demand is also good, he said.
The major export market of Nepalese garments are USA, Canada, Germany, France, Netherlands, UK, Switzerland, Spain, Italy, Australia, India, etc. Growth of Nepalese RMG Industry. During the multi-fibre arrangement (MFA) era, many Asian countries, including India and Pakistan, were benefiting from the exports of T&C products.
- In the 1980s, the garment industry in Nepal boomed because of interest and funding from Indian exporters. Due to the product quota limits in India, exporters looked to Nepal to increase their production.
- In 2004, intense competition in the global garment market broke out after the World Trade Organization’s Agreement on Textiles and Clothing expired. Nepal struggled to outproduce their competition and subsequently saw a fall in revenue from garment exports.
- The international economic aftermath of 9/11 also negatively affected the U.S.’ s reliance on the garment industry in Nepal. The U.S. was the recipient of 87% of Nepal’s readymade garments until 2002.
- In the 2018 fiscal year, the garment industry in Nepal hit a new high. The industry made approximately RS 6.34 billion (approximately $84.9 million), up 6.52% from the previous year.
In the fast-paced world of fashion, the Nepali garment industry has been steadily making its mark. With the establishment of the Neapal Sthaniye Tayari Poshak Utpadak Sangh (NSTPUS) in 2074/75, the sector has witnessed a remarkable transformation. NSTPUS, which translates to the Nepali Garment Association, is an umbrella organization that aims ...
Apr 28, 2024 · Ready-made garments produced by Nepal are mostly exported to Germany, America and the UK. During the nine months of the current year, Nepal exported 1.139 million pieces of ready-made garments worth Rs 1.7426 billion to Germany. Similarly, 3.02 million pieces of ready-made garments worth Rs 1.6745 billion have been exported to America.
The Readymade garments (RMG) manufacturing were initially promoted by the business people from neighboring countries in mid 1980s in Nepal to take an advantage of quota free access provided by the industrialized countries including the United States of America.
