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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