Current Affairs - Festivity - Discussion

Nepal hosted the 1st International Pashmina Festival, a 3-day event featuring over 150 stalls and promoting its "Chyangra Pashmina," known for its traditional craftsmanship and use of natural dyes. Nepali Pashmina holds a prominent position in global markets such as the US, Japan, and Europe. The festival aims to address challenges like raw material shortages through policy reforms. While India also produces high-quality Pashmina in regions like Ladakh and Kashmir, the market faces competition from blended and cheaper alternatives.