Growing furniture imports from China threaten domestic industry: ASSOCHAM
The Dollar Business Bureau | @TheDollarBiz India’s furniture imports are growing at around 27% annually Furniture imports from China threaten around 25 lakh jobs in an estimated 10.61 lakh registered and unorganized furniture factories spread across India, according to D.S. Rawat, Secretary General of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). An ASSOCHAM study says that India’s furniture exports are growing at around 18% annually thanks to growing demand in India’s major export destinations such as Australia, France, Germany, UK and USA. Growing real estate sector in Saudi Arabia is also helping India’s furniture exports grow. However, India’s furniture imports are surging at the rate of around 27% annually, with China accounting for around $447 million or about ...
