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Himalaya Ginger Export Company

Himalaya Ginger Export Company. Prajwol Dixit 17310. Himalaya Ginger Export Company. Product: Ginger (Bose and Nase ) Raw Ginger – Unprocessed Dried Ginger Sector: Agriculture Incorporation: Private Limited Company (<10 crore ) Major Market: India

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Himalaya Ginger Export Company

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  1. Himalaya Ginger Export Company Prajwol Dixit 17310

  2. Himalaya Ginger Export Company • Product: Ginger (Bose and Nase) Raw Ginger – Unprocessed Dried Ginger • Sector: Agriculture • Incorporation: Private Limited Company (<10 crore) • Major Market: India Bangladesh Italy

  3. Product Economy • Grown specially in Eastern Nepal • 3 to 4 % share in total agricultural exports (Office of The Investment Board, GoN, 2016) Source: MRSMP, MoAD, 2015/16

  4. Product Economy • 3rd Largest Producer of Ginger in the world • 11% of global share in 2013 (IBN, 2016) • Share of Ginger in Gross Cropped Area • 1991 – 0.08% • 2013-0.39% • Ilam, Salyan, Nawalparasi, Doti, Surkhet, Tanahu, Kailali, Morang (Vegetable Development Directorate, 2010)

  5. Product Economy (Production) FAOSTAT, 2014

  6. Product Economy

  7. Product Economy (Price Trend)

  8. Product Economy • Free Access to India’s Market for ginger trade. • 65% of 235,000 MT was exported in 2013 (NTIS, 2016) • Export price at 20% of China’s Price. (IBN, 2016) • Forecast of increasing to 75% • Trend of export positive • Investment enhance market growth.

  9. Legal Environment • Ministry of Commerce • Ministry of Agricultural Development • Department of Agriculture • District Agriculture Development Office • Ministry of Industry • Department of Customs • Enablers • Nepal Agriculture Research Council • National Spice Crop Development Program • Nepal Ginger Producer and Traders Association • Jadibuti Association of nepal • FNCCI • Trade and Export Promotion Centre

  10. Legal Environment • Industrial Enterprises Act, 2073 • Decrease Import and increase Export • Private Firm Registration Act • Company Act, 2048 • Labour Act, 2048 • Compensation and Health and Safety • Export and Import (Control) Act, 2013 • Customs Act, 2007

  11. Legal Environment • Nepal Trade Integration Strategy (4 Agro-Based Priority Products) • Agricultural Development Strategy (50 billion investment annually) • Agriculture Commercialization and Trade (PACT) • Increase in volume (incentives for farmers) • Industrial Policy • Nepal Trade Policy (2015) : Thrust Area Development

  12. Political Environment • Social Democracy • Stable political regime • Nepal Legislative Election 2017 • Stability estimated for 5 years • Federalism • Inter-Province Taxation and Competition • Favorable Environment for Export Commodities

  13. Political Environment • Corruption Index - 122 out of 180 (Transparency International) • Third Most Corrupt in South Asia

  14. Economic Environment • Increasing Per capita income • Increase by 4.6% • Interest Rate 7% • GDP Projected to grow by 5.5% in 2019 (ADB Report) • NTIS Projection 300,000 MT in 2017 • 88th position in Global Competitiveness Index 2017/18 (World Economic Forum) • 105th in Ease of Doing Business (World Bank)

  15. Economic Environment • Agriculture and Forestry to GDP 27.1% • Taxation • Agricultural Produce – Expenses • Fertilizers Concession(As defined in chapter 31 of custom tariff 2015/16.) • Interest on loans extended for commercial herbs farming, establishment of storage facilities not to exceed 6%. (IBN)

  16. Socio-Cultural Environment • Used as spices • Growing trend of Ginger tea, ginger candy • International Trend of consumption Growing • Organic

  17. Technological Environment • Lack of Processing Plants • Lack of Washing Facilities • Labor Intensive Drying Process (Sutho) • Good Agricultural Practice Training • Technology for Packaging and Storage • National Agriculture Innovation Project (NAIP, 2014)

  18. Environmental Environment • Environmental Protection Act • Solid Waste Management • Pesticides Usage • American Spice Trade Association (ASTA) standards • Insoluble ash, soil content, pesticides level

  19. International Environment • Foreign competition (China and India) • Nepal-India Trade Treaty (free access to Indian Market) • EU duty free, quota free (Preferential Trade) – 0% tariff • NTM Survey by ITC (2017) • SPS / TBT major barriers • India with 99 per cent of the export quantity going there (Department of Customs, 2017).  • Bureau of Standards and Metrology  • Department of Food Technology and Quality Control  • India- Central Food Laboratory

  20. International Environment • Nepali ginger meets the requirements of a number of European countries including Italy. (Samarth, NGPTA) • 2018 Earlier months, India halted import • Chinese Ginger • Soil on ginger • Standards • Non tariff Barriers (Technical Barriers to Trade)

  21. References http://www.ips.lk/wp-content/uploads/2017/09/Nepal.pdf http://kathmandupost.ekantipur.com/news/2018-03-07/nepali-ginger-traders-eye-italy-as-potential-market.html https://archive.nepalitimes.com/article/from-nepali-press/Ginger-politics,3272 https://thehimalayantimes.com/opinion/ginger-pickle-understanding-export-rules/ http://moad.gov.np/public/uploads/1142453195-STATISTIC%20AGRICULTURE%20BOOK_2016.pdf http://www.ibn.gov.np/uploads/files/Working%20Classification/IBN/Sector%20Profiles/Agriculture.pdf http://nepalginger.org.np/pdf/ANSAB_Marketstudy_1508_Final_22Aug15.pdf

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