NEWS

RMGs export down by around 25%

11-Aug-2020

The export of Nepali Readymade garments has declined by  23.2 % in the FY 2019/20  over the corresponding year FY 2018/19. As per the figures available from Trade & Export Promotion Centre , the export figures in the recently concluded fiscal year just stood at Rs 4.87 billion over the previous year figure amounting Rs.6.34 billion respectively. This contraction occuring to  one of the major foreign exchange earning product is mainly attributed to the export cancellations from overseas buyers  valued over one billion rupees on account of COVID -19 pandemic around the globe.