Nepal | November 27, 2020

Herbal production

• TOPICS

KHILENDRA BASNYAT
Share Now:

Nepal abounds in various kinds of herbs. Usually, the herbs found at an altitude of 3,000 metres are considered as natural chemicals, which are easily available here. Turmeric, pepper, asparagus, spikenard, among others, are the country’s main exportable herbs; most of them are exported to India and resold in other countries.

These herbs can also secure a good market in Europe if proper attention is given to their packaging and marketing.

However, the country is losing a huge amount of potential revenue every year in absence of a mechanism for labeling and providing specifications. Despite this, the concerned authorities have not paid heed to this fact still now.

In recent years, the country exports herbal products worth one billion rupees on average.

There is also a growing trend of exporting herbs to third countries.

But due to technical and financial problems the export of such products has not increased as expected.

In accordance with a study report by GTZ, a German development organisation, a few years ago the market for natural and organic personal care and cosmetic products in Europe is estimated to cross 2 billion euros.

Moreover, Nepal trade integration strategy 2016 has recognised medicinal herbs as an important product having huge export potential. But the lack of research, absence of proper processing and failure to label appropriate specifications have been hampering its business prospects.

Although the concept of community forests has come up with a good impression in preserving plant diversity, most of them are limited to just producing timber and animal fodder.

Though there is a need of utilising such forests for herbal products, no substantial work has been done in this regard yet.

Nowadays, the number of pharmaceutical companies is increasing in Nepal. Therefore, it is necessary to pay attention to developing molecules from locally available plants rather than importing chemicals. If we can do so, the production of herbs will increase and will also have a positive impact on the Nepali economy.

Despite the growing scope of biomedicine in the international market, it is essential to invite indigenous experts in the domestic network to carry out research in the herbal sector.

Since more people in developed countries are attracted to herbal medicines and cosmetics extracted from naturally found chemical composition, the Nepal government should lay stress on exporting such processed herbal products.


A version of this article appears in print on November 06, 2020 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Ensure right to life: NHRC

KATHMANDU, NOVEMBER 25 The National Human Rights Commission has drawn the government’s attention to the need to protect people’s right to life. The human rights watchdog’s statement comes in the wake of recent protest in Bardibas of Mahottari, where police firing claimed the life of Budd Read More...

End to gender-based violence sought

KATHMANDU, NOVEMBER 25 The Federation of Community Forestry Users Nepal, a formal network of forest user groups from all over the country, has called for collaboration to end gender-based violence. At a programme organised by FECOFUN here today on the occasion of 16 Days of Activism against Ge Read More...

Road accidents continue to take toll on lives in Kathmandu valley

KATHMANDU, NOVEMBER 25 Human casualties resulting from traffic accidents had decreased significantly in Kathmandu valley after the government imposed the lockdown in a bid to stem the spread of coronavirus. However, with the government decision to lift the lockdown, road accidents have increas Read More...

Succour to abandoned kids, disabled man

BAJURA, NOVEMBER 25 Financial assistance was provided to three siblings who were left to fend for themselves after their only parent left them and a disabled man without anyone to take care of him in Badimalika Municipality, Bajura. After reading the news reports on their plight, Sai Samaj Sew Read More...

Thank you for the entertainment: Adieu Maradona!

KATHMANDU, NOVEMBER 26 Football's all time great Diego Maradona passed away on Wednesday at his home in Argentina after suffering a heart attack. The 60-year-old was regarded as one of the greatest players of the sport. Maradona, who showed us the 'hand of God', was revered in his homeland Read More...

Internal Revenue Department

Business owners told to clear income tax dues by mid-March

KATHMANDU, NOVEMBER 25 The government has asked nearly three lakh business owners to clear their income tax by mid-March. In a public notice today, Inland Revenue Department has specially mentioned business owners who have not paid their taxes even after taking the business permanent account n Read More...

Indian Foreign Secretary Shringla to speak on Nepal-India cooperation

KATHMANDU, NOVEMBER 25 The Asian Institute of Diplomacy and International Affairs, a Kathmandu-based leading foreign policy think tank, will be hosting a lecture with Foreign Secretary of India Harsh Vardhan Shringla on Friday (November 27), in Kathmandu. Shringla is expected to address issues re Read More...

Mysterious ‘obelisk’ in US desert draws wild theories

LOS ANGELES, NOVEMBER 25 A mysterious metal “obelisk” found buried in the remote western United States desert has inflamed the imaginations of Unidentified Flying Objects (UFO) spotters, conspiracy theorists and Stanley Kubrick fans around the world. The shiny, triangular pillar — wh Read More...