Nepal's Garment Industry Faces Existential Crisis Post-LDC Graduation, Industry Chief Warns
Summary
Nepal's garment industry faces a major crisis post-LDC graduation with potential job losses up to 132,000 as the sector struggles for government support and policy reforms.
Key Points
- Nepal's garment sector is at risk of losing approximately 132,000 jobs following LDC graduation.
- President Pashupati Dev Pandey highlights the lack of government support including unfulfilled demands for a Green Garment Village and Textile and Garment Council.
- About 1,285 sick garment industries, if revived, could employ over 50,000 people immediately.
- The government’s recent mandate for domestic clothing for employees may provide some relief amid concerns over outdated laws and insufficient budget allocations.
