Producers could use data on imports of processed raw materials and exports of finished goods to set specific financial targets. Through data released by the Department of Customs or the Trade and Export Promotion Centre, producers could find niches for items that are most exported and generate more revenue. All this information can help them invest time and effort where it is more profitable, increasing organisational efficiency.
The pashmina sector could also take advantage of such data to understand markets of importing countries, including trends, pricing style and seasonal demands, which they can use to better respond to those countries’ needs.
Despite the industry’s shortcomings, Nepali pashmina still enjoys a strong international reputation and a variety of pashmina items, such as shawls, mufflers, scarves, blankets and sweaters, are exported to over 60 countries.
Hari Chandra Aryal of the Nepal Pashmina Industries Association (NPIA) notes: “We have taken steps to start using from open data and developed a tracking system that includes labels with a bar codes and a hologram that can be scanned, enabling suppliers to track exports.”