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Traders in Dilemma Regarding Import of Readymade Garments for Festive Season

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Traders in Dilemma Regarding Import of Readymade Garments for Festive Season
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August 24: Traders are in dilemma on whether or not to import readymade garments for the upcoming Dashain and Tihar festivals. They are unable to decide because of the negative impact of the four-month-long lockdown on the businesses and the recent prohibitory order to control coronavirus infection.

In the previous years, traders used to import readymade garments worth Rs 300 billion from China and India targeting the festivals. They used to start preparations from mid-July for this. However, industries, businesses and public life have been halted this year due to coronavirus, creating confusion among the traders. Due to this, they estimate that there may be shortage of readymade garments in the market during this festive season.

According to the  treasurer of New Road-based National Trade Association, Ram Chandra Parajuli, who has been involved in Nepal-China trade for a long time, the confusion has been created as around 500 containers of garments imported for the summer season have been stopped at Kerung border for the last six months.

“Traders have invested millions of rupees for importing clothes for summer but the containers are stuck at the border. It is still uncertain when will the products arrive in the country,” said Parajuli, adding, “On top of that, there is high probability that the products will be worn out. In such a scenario how will we import clothes for the upcoming festival?”

The trade of shoes, slippers, and clothes increases by 40 percent during the festive season than other times. However, this year, the traders are confused due to the pandemic.

Dil Sundar Shrestha, chairman of the Trade Fair Committee of FNCCI, said that even if the garments are imported, only 20 percent business can be done.

He further claimed that the business of garments will not increase during the upcoming festivals as people have lost their jobs and their source of income has been cut off due to the pandemic.

 

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