NEW DELHI, Jan 30: Over 950 corporations from greater than 50 international locations are prone to take part within the thirteenth version of the Indiawood exhibition — providing merchandise, options, and content material throughout complete woodworking and furnishings manufacturing — in February this yr.
“Indiawood 2024 might be instrumental in highlighting the scope and aspiration of the woodworking and furnishings manufacturing Business in India,” Sonia Prashar, Managing Director, NuernbergMesse India, mentioned in a press release.
The upcoming version shouldn’t be solely the most important ever, but additionally displays the huge strides the sector has taken when it comes to manufacturing volumes and know-how, Prashar added.
In accordance with the assertion, the worth of the Indian furnishings market is pegged at USD 32 billion, with a compound annual development price of 20-25 per cent.
The potential for exports is large since India has solely a 5 per cent share of the world market.
Furnishings exports elevated sharply from Rs 1,952 crore (about USD 26 million) in FY 2013-2014 to Rs 6,790 crore (USD 820 million) in FY 2022-2023 – a 248 per cent development, the assertion mentioned.
International exhibitor NuernbergMesse India is organising the thirteenth version of Indiawood from February 22 to 26 on the Bangalore Worldwide Exhibition Centre, Bengaluru.
It’s going to function over 950 corporations, from greater than 50 international locations, over 75,000 commerce guests and 75,000 sq metres of exhibition space, it acknowledged.
Furnishings and kitchen producers, architects, inside designers, timber merchants, noticed millers, builders, contractors, {hardware} distributors, and sellers from all around the nation and neighbouring international locations like Nepal, Bhutan, Sri Lanka, the Center East and different worldwide nations might be part of this five-day mega occasion.
Worldwide international locations, together with Germany, Italy, France, Malaysia, the USA, and Turkey, might be represented through official pavilions.
Superior applied sciences like CNC machines, automation, and digital design software program have revolutionised precision, effectivity, and creativity in woodworking and furnishings manufacturing.
With the rise of urbanisation and compact residing areas, the demand for modular, multifunctional, and space-saving furnishings has surged. Indian producers are aligning with world design traits, producing merchandise that align with worldwide requirements and aesthetics.
The occasion will provide a glimpse into the newest improvements, and know-how and provides unparalleled networking alternatives, the assertion mentioned. (PTI)
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