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Nepal yarn industry witnesses surge in operations

  

Nepal’s yarn industry has witnessed a surge in business operations for the local handloom producers by up to 60 percent. Producers have attributed the business bloom to the increasing orders coming from India after the phased reopening and resumption of economic activities post coronavirus lockdown.

The Government of India, under the India-Nepal Foreign Treaty of Trade Agreement imports woven handicrafts and home textile products essential to Nepal’s Textile And Garment Cloth Industries. Nepal’s GDP and livelihood of the small scale textile weaving businesses largely depend on these handicrafts exports. Nepali proprietor Bishnu Neupane, Jagdamba Spinning informed his company has been receiving high demands and orders from India.

Indian states of Punjab and Assam, and Siliguri, Guhawati, Gorakhpur, and New Delhi have been among the largest importers of Nepal’s yarn industry products for over several years. These states place bulk orders that comprise nearly 60 percent of Nepal’s total yarn manufactured goods export.

 
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