Reasons to Invest

Availability of Raw Material: India is the world’s 2nd largest producer of timber & 3rd largest producer of 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

In 2018, India's Union Cabinet allowed 100% foreign direct investment (FDI) in single-brand retail without prior government approval that helped companies like IKEA in India.

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 Furniture Exports witnessed a 220% increase from USD 810 Mn in 2018-19 to USD 2.6 Bn in 2022-2023
There has been a 36% decline in furniture imports in the last three years
India's wood exports are reaching new heights with 2.53 X increase in exports from FY USD 246 Mn in 2013-14 to USD 623 Mn in FY 2022-23.

Major Investors

Value Chain Assessment

Team Articles

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…

Invest India Timeline


Disclaimer: All views and opinions that may be expressed in the posts on this page as well as post emanating from this page are solely of the individual in his/her personal capacity