Thai Furniture Ideal for Indian Market : PHD Chamber

PHD Chamber of Commerce and Industry and Royal Thai Embassy got together in a collaborative and partnership spirit to promote the furniture produced in Thailand by members of Thai Hevea Wood Association in India, given its quality and cost effectiveness for Indian market in its various landscapes.

 The three organizations got together here today to explore immense possibilities for enhancing furniture exports of Thailand towards India in which the consumption of furniture is likely to gallop manifold with slogan of “Housing for All” in India becoming a stark reality in next few years.

 The current market size of furniture in India is estimated close to $20 billion of which wooden furniture size is estimated around $6 billion.  Out of this $6 billion estimated wooden business size, a substantial chunk is imported from countries like Italy, Malaysia, Phillipines, Japan and China among others.

 It is in this backdrop that the furniture produced in Thailand for its quality and cost effectiveness needed to be promoted in India as it is a huge market which can absorb furniture imports quite conveniently given its market size and multiplicities of income groups and that to when the Thailand is the second largest leader in the world’s furniture segment, pointed out by Sr. Vice President, PHD Chamber, Mr. Anil Khaitan.

 Present among others who emphasized the supremacy of Thai furniture on the occasion and the need to promote it in market like India comprised Minister Counsellor (Commercial), Royal Thai Embassy, Mr. Tharadol Thongewang; Honorary President, Thai Hevea Wood Association, Mr. Sutin Ponchaisuree; Deputy General Secretary of Thai Hevea Wood Association, Mr. Akrain Vargapirat; Managing Director, Choosak Southern Parawood, Mr. Nikorn Likhitwangphanit and Director, PHD Chamber, Mr. Yogesh Srivastav.

 The Indian companies who are engaged in the wood business showed their interest to partnering with the Thai counterparts to promote business relations with each other consisted of Alban Roux, Richwood, Try Square, Colonial Hard Woods (P) Ltd., Fabwood and the like.