Nepal's Garment Industry Faces Existential Crisis Post-LDC Graduation, Industry Chief Warns

Kathmandu. Pashupati Dev Pandey, President of the Nepal Garment Association, has warned that Nepal's garment sector faces a major crisis following the country's graduation from the Least Developed Country (LDC) status.  Speaking at an interaction program titled 'Challenges and Opportunities for Garment Export After LDC Graduation' organized by the Nepal Garment Association, President Pandey expressed his concerns. He warned that this transition could lead to the loss of approximately 132,000 jobs.Presenting data, President Pandey stated that within the next 5 years, workers with low income and limited access to education will be particularly affected. He lamented that despite years of demanding...