Nepal's once-languishing garment industry is in the midst of a revival as peace and political stability have convinced foreign buyers to return, and demand from abroad has instilled confidence in garment entrepreneurs.
"The garment industry in Nepal was almost on the verge of collapse. But that bleak scenario has changed in recent months," Garment Association of Nepal President Udaya Raj Pandey told Khabar South Asia.
Buyers who normally import from countries like Bangladesh and Cambodia now consider Nepal an option, Pandey said. "This has encouraged us. We are hoping that good days are ahead for garment industries in Nepal."
According to the Trade and Export Promotion Centre, Nepal exported NRs 2.72 billion ($27.8m) in garments in the first six months of the current fiscal year. This is 50% more than Nepal's export of garment products during the same period of last fiscal year.
"Both external factors and the domestic situation seem to have brought about this situation," Commerce and Supplies Ministry Joint Secretary Jib Raj Koirala said.
Recent election-related violence in Bangladesh and Cambodia's January labour strikes helped fuel Nepal's improvement.
Source
"The garment industry in Nepal was almost on the verge of collapse. But that bleak scenario has changed in recent months," Garment Association of Nepal President Udaya Raj Pandey told Khabar South Asia.
Buyers who normally import from countries like Bangladesh and Cambodia now consider Nepal an option, Pandey said. "This has encouraged us. We are hoping that good days are ahead for garment industries in Nepal."
According to the Trade and Export Promotion Centre, Nepal exported NRs 2.72 billion ($27.8m) in garments in the first six months of the current fiscal year. This is 50% more than Nepal's export of garment products during the same period of last fiscal year.
"Both external factors and the domestic situation seem to have brought about this situation," Commerce and Supplies Ministry Joint Secretary Jib Raj Koirala said.
Recent election-related violence in Bangladesh and Cambodia's January labour strikes helped fuel Nepal's improvement.
Source
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