CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Country’s dependency on wood increasing, timber import exceeds Rs 6 billion

CEO TAB by CEO TAB
July 25, 2019
in Prime News
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Kathmandu, July 24 : Forty-five percent total land in the country is covered by forest area. Despite this backdrop, its dependency on other countries for timber is growing. The statistics shows that Nepal’s annual import of wood and wooden materials exceeds Rs 6.5 billion. In the fiscal year 2075-76 BS (2018-2019), Nepal spent Rs 6.61 billion against 5.56 billion in the previous year in the import of timber and timber products from several countries including India, Indonesia, China, Myanmar, Malaysia, Singapore, Germany, Ukraine, the United Arab Emirates and the Unites States of America.

You might also like

Nepal Meets Peak Electricity Demand Without Imports, Continues Power Exports

Nepal Officially Inaugurates Nagdhunga–Sisnekhola Tunnel, Country’s First Modern Road Tunnel

Nepal Insurance Authority Gives Insurers Three Months to Adopt Digital Claims Tracking System

The import includes wooden logs, timber, wooden frames, ply boards and other products. The size of plywood products tops the import chart. Department of Customs director and information officer Shishir Ghimire, wooden charcoals, wooden powder, match sticks and toothpicks are imported in the country.

In the previous fiscal year 2071-72 BS, Rs 2.13 billion was spent in the import of such materials. Timber export from the country is very little in comparison with the import as ply and wooden crafts worth Rs 55.6 million was exported to India, China, the United States of America, Belgium, and the Netherlands. According to the data of the Ministry of Forest and Environment, timber measuring 17, 552,000 cubic feet was produced (from government, community and private forest) in the fiscal year 2074-75 BS. However, the annual demand for timber in the country is around 30 million cubic feet.

Forest Minister Shakti Bahadur Basnet had formulated the ‘Forest Improvement Action Plan, 2075 BS’ and introduced various plans under the Forest Management and Utilisation Programme with his assumption on the office. RSS

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Nepal Meets Peak Electricity Demand Without Imports, Continues Power Exports

by CEO Tab
July 27, 2026
0
Nepal Meets Peak Electricity Demand Without Imports, Continues Power Exports

Nepal's total electricity demand has reached 73,629 megawatt-hours (MWh), with the country currently meeting domestic requirements without importing power from India, according to the Nepal Electricity Authority (NEA)....

Read more

Nepal Officially Inaugurates Nagdhunga–Sisnekhola Tunnel, Country’s First Modern Road Tunnel

by CEO Tab
July 27, 2026
0
Nepal Officially Inaugurates Nagdhunga–Sisnekhola Tunnel, Country’s First Modern Road Tunnel

Nepal has officially inaugurated the Nagdhunga–Sisnekhola Tunnel, marking the country's first modern road tunnel and a major milestone in its transport infrastructure. The tunnel was inaugurated by Minister...

Read more

Nepal Insurance Authority Gives Insurers Three Months to Adopt Digital Claims Tracking System

by CEO Tab
July 27, 2026
0
Nepal Insurance Authority Gives Insurers Three Months to Adopt Digital Claims Tracking System

The Nepal Insurance Authority (NIA) has directed all insurance companies to implement a digital insurance claims tracking system within the next three months, marking a major step toward...

Read more

Nepal Welcomes Over 1.2 Million Tourists in FY 2025/26, But Visitor Spending Continues to Decline

by CEO Tab
July 27, 2026
0
Nepal Welcomes Over 1.2 Million Tourists in FY 2025/26, But Visitor Spending Continues to Decline

Kathmandu — Nepal welcomed more than 1.209 million foreign tourists in fiscal year (FY) 2025/26, marking a 4.8 percent increase compared to the previous year, according to the...

Read more

Government Seeks Legal Clarity on VAT for Electricity Bills After Public Backlash

by CEO Tab
July 26, 2026
0
Government Seeks Legal Clarity on VAT for Electricity Bills After Public Backlash

Following widespread public criticism over the imposition of Value Added Tax (VAT) on electricity bills, the government has sought a formal legal interpretation to ensure consumers are not...

Read more
Next Post

Monetary policy focuses growth of national production, creation of jobs and entrepreneurship

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.