Suriname to set up furniture corridor in Hyderabad
The Dollar Business Bureau South American nation, the Republic of Suriname, will establish an exclusive corridor for furniture design in the city of Hyderabad for exporting furniture to Latin American (LatAm) nations. This is the second such furniture corridor in India to be established on the lines of the first one in Kolar (Karnataka). The corridor will start and be functional in the next 6 months. This was revealed to the media on Friday by Asif lqbal, Honorary Consul of Republic of Suriname (for AP, TS and Karnataka). “The Republic of Suriname is working along with the government run design school, National Institute of Design (NID), for partnership,” he added. He was speaking to the newspersons on the sidelines of the opening ceremony of ...
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 ...
