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Export incentive to make Nepali garment more competitive

Related Keywords: boost exports, bring down cost of production, demand ten percent export incentive, eight months, GAN, garment factories operational, implement No work, international market, Nepali domestic apparel manufacturers, Nepali garments eighteen percent more expensive, No pay provision, on total export value, through supplementary budget

The Nepali domestic apparel manufacturers have demanded the government to provide 10 percent export incentive on total export value through the supplementary budget, which according to them, is a must to bring down their cost of production and to boost exports of Nepali apparels. As Nepali garments are up to 18 percent more expensive in the international market as compared to garments from other countries due to higher cost of production.

New modified and simplified textile policy to be announced soon

Related Keywords: bring down cost of production, focus of export and domestic markets, generate employment, increase production, interest subvention, introduce more value added products, labour wages, new modified and simplified textile policy, penetrate into newer markets, productivity of textile sector, Rashmi Verma, relaxation in labour laws, tax incentives

The government to soon announce a new modified and simplified textile policy that aims at increasing the production and productivity of textile sector, generating more employment, bringing down the cost of production, penetrating into newer markets, and introducing more value added products and focusing both on exports and domestic markets , said Textiles Secretary Rashmi Verma.

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