Footwear Sectoral Analysis : Nepal

Footwear Sectoral Analysis : Nepal

Nepal’s footwear industry is small but growing, and has been identified as a priority export sector by the government.Nepal’s footwear industry is a relatively small export industry, accounting for just 1.5 percent of the country’s total exports in...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
FOOTWEAR INDUSTRY
EXPORT COMPETITIVENESS
MARKET ACCESS
FINANCIAL LITERACY
FIRM PRODUCTIVITY
SMALL AND MEDIUM ENTERPRISES
Online Access:http://documents.worldbank.org/curated/en/620231556736548769/Sectoral-Analysis-Nepal
http://hdl.handle.net/10986/31612
id okr-10986-31612
recordtype oai_dc
spelling okr-10986-316122021-05-25T09:23:11Z Footwear Sectoral Analysis : Nepal World Bank FOOTWEAR INDUSTRY EXPORT COMPETITIVENESS MARKET ACCESS FINANCIAL LITERACY FIRM PRODUCTIVITY SMALL AND MEDIUM ENTERPRISES Nepal’s footwear industry is small but growing, and has been identified as a priority export sector by the government.Nepal’s footwear industry is a relatively small export industry, accounting for just 1.5 percent of the country’s total exports in 2017. Similar to other light manufacturing sectors, Nepal’s wage advantage in footwear is offset by its low firm-level productivity. Most firms have poor bookkeeping and a lack of accounting. Production facilities are ill-suited for manufacturing and distribution, and conditions in many factories are poor, sometimes dangerous. Nepali footwear manufacturers need to start by improving basic organizational and management skills. There is a dearth of industry-ready education and skills, and an unavailability of trained manpower that impedes investment from both domestic and foreign companies in these sectors. It is pertinent to focus on basic requirements such as education and skills development to increase the pool of skilled manpower in the country across sectors. Developing capabilities in Nepal’s small and medium-sized footwear manufacturers requires investment in improving managerial skills, upgrading quality standards, and modernizing production facilities to become safer and more efficient. The government of Nepal can help the domestic footwear industry by providing a vibrant trade policy to allow for deeper integration into regional value chains, opening up opportunities for foreign direct investment (FDI), and substantially improving the investment climate. 2019-05-03T19:36:15Z 2019-05-03T19:36:15Z 2018-12 Report http://documents.worldbank.org/curated/en/620231556736548769/Sectoral-Analysis-Nepal http://hdl.handle.net/10986/31612 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Commodities Study South Asia Nepal
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic FOOTWEAR INDUSTRY
EXPORT COMPETITIVENESS
MARKET ACCESS
FINANCIAL LITERACY
FIRM PRODUCTIVITY
SMALL AND MEDIUM ENTERPRISES
spellingShingle FOOTWEAR INDUSTRY
EXPORT COMPETITIVENESS
MARKET ACCESS
FINANCIAL LITERACY
FIRM PRODUCTIVITY
SMALL AND MEDIUM ENTERPRISES
World Bank
Footwear Sectoral Analysis : Nepal
geographic_facet South Asia
Nepal
description Nepal’s footwear industry is small but growing, and has been identified as a priority export sector by the government.Nepal’s footwear industry is a relatively small export industry, accounting for just 1.5 percent of the country’s total exports in 2017. Similar to other light manufacturing sectors, Nepal’s wage advantage in footwear is offset by its low firm-level productivity. Most firms have poor bookkeeping and a lack of accounting. Production facilities are ill-suited for manufacturing and distribution, and conditions in many factories are poor, sometimes dangerous. Nepali footwear manufacturers need to start by improving basic organizational and management skills. There is a dearth of industry-ready education and skills, and an unavailability of trained manpower that impedes investment from both domestic and foreign companies in these sectors. It is pertinent to focus on basic requirements such as education and skills development to increase the pool of skilled manpower in the country across sectors. Developing capabilities in Nepal’s small and medium-sized footwear manufacturers requires investment in improving managerial skills, upgrading quality standards, and modernizing production facilities to become safer and more efficient. The government of Nepal can help the domestic footwear industry by providing a vibrant trade policy to allow for deeper integration into regional value chains, opening up opportunities for foreign direct investment (FDI), and substantially improving the investment climate.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Footwear Sectoral Analysis : Nepal
title_short Footwear Sectoral Analysis : Nepal
title_full Footwear Sectoral Analysis : Nepal
title_fullStr Footwear Sectoral Analysis : Nepal
title_full_unstemmed Footwear Sectoral Analysis : Nepal
title_sort footwear sectoral analysis : nepal
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/620231556736548769/Sectoral-Analysis-Nepal
http://hdl.handle.net/10986/31612
_version_ 1764474731316117504

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