plywood industry hit hard by recent recession: the hindu The plywood industry has been hit by the slump in the real estate industry, which is a significant source of demand for plywood. The industry is also having a hard time holding its own against cheap imports from China. The Indian plywood industry has estimated annual revenues of Rs 25,000-30,000 crore, and is dominated by unorganised players. Sajjan Bhajanka, president of the Federation of India Plywood and Panel Industry, said the invasion of the Indian market by Chinese plywood products was a matter of concern, especially for small and unorganised players. Naresh Tiwari, president of the North India Plywood Manufacturer Association (NIPMA), endorsed this view. Plywood manufacturers say that although this year has seen lower imports from China owing to quality issues, they fear that once China starts flooding the Indian market with quality products, the domestic industry – especially the unorganised segment – could be in for big trouble. Tiwari pointed out that in China the government supported wood-based and allied industries, enabling them to flourish. However, in India, even though the wood-based industry – especially in Punjab and Haryana – is located near raw material sources (wood), it is unable to find its feet in the absence of support from the government.
Posted on: Sun, 16 Mar 2014 17:32:28 +0000
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