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June 23, 2020

India to invest US$ 10 billion to build four major furniture industry clusters

Indian government intends to invest between 10 billion and 11 billion US dollars for the establishment of 3-4 furniture industry cluster centers near Indian ports.  In recent years, the Indian furniture market has reached US$10 billion and US$12 billion.  The market size of imported furniture is between 1.5 billion and 2 billion US dollars, of which more than 50% of imported furniture comes from China.  The Indian government said the move was to reduce India's dependence on imported furniture and increase exports.  In addition to the investment ...

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