August 9, 2017<\/strong><\/p>\nIn the wake of India\u2019s GST regime, Nepali industries should focus on increasing competitiveness to tackle cheaper imports from India, says the Nepali industry community.<\/p>\n
\u201cDomestic industries should ramp up their competitiveness to tackle the cheaper imports from India,\u201d said Shekhar Golchha, Senior Vice-President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI).<\/p>\n
In an interaction programme titled \u2018Goods and Services Tax in India: Implications for Nepal\u2019, organized by South Asia Watch on Trade, Economics and Environment (SAWTEE), Shekhar Golchha noted that GST may also hit India\u2019s Foreign Direct Investment (FDI) in Nepal as the GST system has lowered cost of doing business in India.<\/p>\n
According to Golchha, Nepal\u2019s plan to bring in Indian investment into the Nepali production sector would also be affected if the Nepali industry fails to maintain pace with India in minimizing cost of production.<\/p>\n
Meanwhile, Economist Keshab Bhattarai from the University of Hull, London noted that Nepal need not worry about GST because the tax is exempted on export from India. However, he added that \u201ccheaper import from the southern neighbor may ruin the country\u2019s production base if we are unable to improve our competitiveness\u201d.<\/p>\n
Posh Raj Pandey, Executive Chairman of SAWTEE, said that GST has boosted Nepali exports to India. SAWTEE\u2019s study on top 30 Nepali export items concluded that export tariff for the top 28 items will rise. It is noteworthy here that GST is applicable on export from Nepal.<\/p>\n
Pandey also noted a possible rise in unauthorized trade between the two countries. \u201cThis may encourage smuggling of goods from Nepal to India,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
August 9, 2017 In the wake of India\u2019s GST regime, Nepali industries should focus on increasing…<\/span><\/p>\nRead more<\/a><\/div>\n<\/p>\n","protected":false},"author":11,"featured_media":3397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7042,3],"tags":[1144,1145,1142,453,83,526,419,177,1143],"yoast_head":"\n
Nepali Industry Mulls Competitiveness in The Wake of GST | Nepali Sansar<\/title>\n<meta name=\"description\" content=\"Nepali industries should focus on increasing competitiveness to tackle cheaper imports from India, says the Nepali industry community. NepaliSansar\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nepali Industry Mulls Competitiveness in The Wake of GST | Nepali Sansar\" \/>\n<meta property=\"og:description\" content=\"Nepali industries should focus on increasing competitiveness to tackle cheaper imports from India, says the Nepali industry community. NepaliSansar\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/\" \/>\n<meta property=\"og:site_name\" content=\"Nepali Sansar\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NepaliSansarNews\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-09T11:26:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-19T10:01:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2017\/08\/GST.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sai Nikesh D\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nepalisansar4u\" \/>\n<meta name=\"twitter:site\" content=\"@nepalisansar4u\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sai Nikesh D\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/\",\"url\":\"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/\",\"name\":\"Nepali Industry Mulls Competitiveness in The Wake of GST | Nepali Sansar\",\"isPartOf\":{\"@id\":\"https:\/\/www.nepalisansar.com\/#website\"},\"datePublished\":\"2017-08-09T11:26:04+00:00\",\"dateModified\":\"2018-06-19T10:01:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.nepalisansar.com\/#\/schema\/person\/abff42663c1ece4b8854ad6d6a856d85\"},\"description\":\"Nepali industries should focus on increasing competitiveness to tackle cheaper imports from India, says the Nepali industry community. NepaliSansar\",\"breadcrumb\":{\"@id\":\"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.nepalisansar.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nepali Industry Mulls Competitiveness in the Wake of GST\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.nepalisansar.com\/#website\",\"url\":\"https:\/\/www.nepalisansar.com\/\",\"name\":\"Nepali Sansar\",\"description\":\" A Site for Global Nepali Community\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.nepalisansar.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.nepalisansar.com\/#\/schema\/person\/abff42663c1ece4b8854ad6d6a856d85\",\"name\":\"Sai Nikesh D\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.nepalisansar.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/02f4be314744965948aad00bc321f302?s=96&d=wavatar&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/02f4be314744965948aad00bc321f302?s=96&d=wavatar&r=g\",\"caption\":\"Sai Nikesh D\"},\"url\":\"https:\/\/www.nepalisansar.com\/author\/nikesh\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nepali Industry Mulls Competitiveness in The Wake of GST | Nepali Sansar","description":"Nepali industries should focus on increasing competitiveness to tackle cheaper imports from India, says the Nepali industry community. NepaliSansar","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/","og_locale":"en_US","og_type":"article","og_title":"Nepali Industry Mulls Competitiveness in The Wake of GST | Nepali Sansar","og_description":"Nepali industries should focus on increasing competitiveness to tackle cheaper imports from India, says the Nepali industry community. NepaliSansar","og_url":"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/","og_site_name":"Nepali Sansar","article_publisher":"https:\/\/www.facebook.com\/NepaliSansarNews\/","article_published_time":"2017-08-09T11:26:04+00:00","article_modified_time":"2018-06-19T10:01:59+00:00","og_image":[{"width":600,"height":600,"url":"https:\/\/www.nepalisansar.com\/wp-content\/uploads\/2017\/08\/GST.jpeg","type":"image\/jpeg"}],"author":"Sai Nikesh D","twitter_card":"summary_large_image","twitter_creator":"@nepalisansar4u","twitter_site":"@nepalisansar4u","twitter_misc":{"Written by":"Sai Nikesh D","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/","url":"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/","name":"Nepali Industry Mulls Competitiveness in The Wake of GST | Nepali Sansar","isPartOf":{"@id":"https:\/\/www.nepalisansar.com\/#website"},"datePublished":"2017-08-09T11:26:04+00:00","dateModified":"2018-06-19T10:01:59+00:00","author":{"@id":"https:\/\/www.nepalisansar.com\/#\/schema\/person\/abff42663c1ece4b8854ad6d6a856d85"},"description":"Nepali industries should focus on increasing competitiveness to tackle cheaper imports from India, says the Nepali industry community. NepaliSansar","breadcrumb":{"@id":"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.nepalisansar.com\/business\/nepali-industry-mulls-competitiveness-wake-gst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.nepalisansar.com\/"},{"@type":"ListItem","position":2,"name":"Nepali Industry Mulls Competitiveness in the Wake of GST"}]},{"@type":"WebSite","@id":"https:\/\/www.nepalisansar.com\/#website","url":"https:\/\/www.nepalisansar.com\/","name":"Nepali Sansar","description":" A Site for Global Nepali Community","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.nepalisansar.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.nepalisansar.com\/#\/schema\/person\/abff42663c1ece4b8854ad6d6a856d85","name":"Sai Nikesh D","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.nepalisansar.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/02f4be314744965948aad00bc321f302?s=96&d=wavatar&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/02f4be314744965948aad00bc321f302?s=96&d=wavatar&r=g","caption":"Sai Nikesh D"},"url":"https:\/\/www.nepalisansar.com\/author\/nikesh\/"}]}},"_links":{"self":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/posts\/3396"}],"collection":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/comments?post=3396"}],"version-history":[{"count":0,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/posts\/3396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/media\/3397"}],"wp:attachment":[{"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/media?parent=3396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/categories?post=3396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nepalisansar.com\/wp-json\/wp\/v2\/tags?post=3396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}