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
100%
FDI Allowed
Government Support
Central Government Schemes
State Incentives
Empowered Group of Secretaries (EGos) and Project Development Cells (PDCs)
Trade Scenario
- Funiture
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.
Value Chain Assessment
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Team Articles
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