It may be too early to gauge Nepal’s potential as a sourcing destination for Indian apparel exporters in its totality, but it should come as no surprise that some Indian companies have already started exploring this market, looking for prospects here.
Taking a closer look at the recent developments in Nepal, which currently exports garments worth US$50 million, would reveal several changes that goes in the favour of traders looking for business with this Himalayan country.
The Nepal Government is planning to develop a Garment Processing Zone (GPZ) within the Simara SEZ of Bara district, aiming to lure foreign direct investment. The US House of Representatives recently passed a Bill, allowing duty-free access to Nepalese readymade garments until 2025. Moreover, the country’s Ministry of Commerce is also pushing all agencies to work collectively for the promotion of exports, and for the setting up of an ‘export
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