Thursday, October 8, 2009

Nepal pashmina exports soar

KOL news; posted on Nepal 1st

KATHMANDU, Aug 6 - The export of pashmina products soared by 243.8 percent during the first 11 months of the last fiscal year 2008/09.


According to Nepal Rastra Bank, Nepal exported pashmina products worth Rs. 1.23 billion, whereas exports during the same period in 2007/08 amounted to only Rs. 375.9 million.

Shankar Prasad Pandey, president of the Nepal Pashmina Industries Association (NPIA), said that the rise in the export of pashmina amid the world recession was satisfactory. "We have been facing the effects of the recession, but it has not hit Nepali pashmina as hard as expected," said Pandey.

He added that export performance had been enhanced by the export of high quality pashmina products and appreciation of the U.S. dollar against
the Nepali rupee. Pashmina sweaters, blankets, tunics, party wears and boutique products are some of the major high quality products.

Karken Tangboten Gurung, managing director of Everest Pashmina Knitting and Weaving Industry, said that the overall situation of pashmina exports till date was satisfactory. Everest Pashmina is one of the five largest exporters in Nepal.
"Exports have improved in recent months, but the major challenge is how to maintain the pace," said Gurung. "There should be provision of income tax waiver, loans at subsidized interest rates and labour flexibility to help the pashmina industry and increase exports."

According to the Federation of Handicraft Associations of Nepal, pashmina is one of the major handicraft products that is exported to more than 40 countries worldwide. The U.S.A., Germany, the U.K, Japan, France, Canada, Italy, China, Switzerland and the Netherlands were the top 10 buyers of Nepali pashmina during the last fiscal year.

Nepali pashmina has already received the trade mark logo in Australia, Norway and Japan. The NPIA is trying to get the brand logo registered in the E.U. and 11 other countries in a bid to guarantee quality and stop fake products from being passed off as Nepali pashmina.


KOL News

5 comments:

My Very Pashmina said...

Wow! Great news for pashmina lovers!

Anonymous said...

We are now in 2016 and Pashmina exports are getting better every year.

William Toribio said...

Great News! Really pashmina shawls and stoles gives the perfect and stunning look also help us stay warm during winter’s.

Jones Hill said...

Stay and Look “Hot & Happening” this winter with Extra-Soft and Certified Premium Quality pure pashmina shawls.

Unknown said...

Thanks for this informative post. It's very detailed and solves a lot of my doubts about Pashmina Goat Project.