Kathmandu, Nepal, August 10--The announcement of delisting of the carpet industries from the category of cottage industry by the Nepali government will be harmful to the sector, president of Central Carpet Industries Association (CCIA) of Nepal said here Wednesday.
"We also opposed the foreign direct investment in the carpet industry of Nepal. Such moves will jeopardize the domestic industry," A.G. Sherpa, president of CCIA, a non-governmental organization, told reporters.
The budget lacked programs targeted to promote the carpet industry of the country. Sherpa said, "We are worry about the dwindling carpet industry, which used to be the number one export industry."
"Federation of Nepalese Chamber of Commerce and Industry (FNCCI) will make its all attempts to reduce the negative impact of the policy change made by the Nepali government," Chandi Raj Dhakal, president of FNCCI, the biggest federal organization of Nepal, said in a press statement.
An investment of about 30 billion Nepali rupees (428.57 million US dollars) has been injected to carpet industries which had been able to earn more than 11 billion Nepali rupees (157.14 million US dollars) in the past when it stood as the leading export industry, according to the statement of FNCCI.
