Reasons to Invest

Availability of Raw Material: India is the world’s 2nd largest producer of timber & 6th largest producer of natural rubber.
Large Furniture Ecosystem: Development of furniture hubs such as International Furniture Park in Tamil Nadu, upcoming International Furniture Clusters/Parks coming up in Karnataka, Madhya Pradesh, Uttar Pradesh and Andhra Pradesh.
Proximity to Global Markets: India enjoys better transit time advantage for East Coast and European harbors; Average turnaround time (TRT) for ships across major ports in India has significantly reduced to around 2.7 days: 30-50 % (import cargo) and 20-70 % (export cargo).

How We Help Investors

Research Content Provider

Location Analysis

Policy Advisory/Representation

Stakeholders Meeting

Issue Resoution

Regulatory Clearance Facilitation

FDI Norms

100% FDI is allowed under the Automatic Route

FDI Allowed

Government Support

Central Government Schemes
  • Duty Drawback Scheme
  • Export Promotion Capital Goods scheme
State Incentives

Incentives by the state usually include:

  • Capital subsidy
  • Stamp duty exemption
  • Interest subsidy
  • Tax reimbursement
  • Electrical duty exemption  
Empowered Group of Secretaries (EGos) and Project Development Cells (PDCs)

The PDCs would be responsible for coming up with projects with all approvals and identifying issues to attract investment that would be brought to the attention of the EGoS.

Trade Scenario

India's contribution to Furniture Exports stood at ~$3.5 Bn in 2022, growing at a CAGR of 15% (2018–22).
There has been a 36% decline in furniture imports in the last three years.
India's wood exports are reaching new heights with 2.53X increase in exports from $246 Mn in FY 2013-14 to $623 Mn in FY 2022-23.

Major Investors

Value Chain Assessment

Team Articles

Aug 02, 2023
The Furniture Industry Transformation

India today is a rapidly growing consumer market, with fast…

Feb 03, 2021
The Budget for the Aspirational “New India”

As India revives from the shackles of Covid-19 pandemic and…

Dec 11, 2020
Rewriting India’s growth story – the New Investment Destination

Being a major non-debt financial source, Foreign Direct…