The Bombay Timber Merchants Association Ltd is urging Malaysian timber industrial players to tap into the huge Indian market, home to a population of 1.3 billion people, the second biggest country in the world after China.
President Mohamed Iqbal S Chhapra said the increasing demand for timber in India was due to the resurgence of the domestic economy and the rapid expansion of the middle and upper income groups.
"The young generation of Indians are emulating the western world and moving out of their traditional and ancestral homes and living by themselves.
"This increases the demand for newer living spaces, which in turn is driving up the demand for timber and allied products," he said in his presentation titled, "India-Market Outlook and Export Opportunities for Malaysian Timber Products" at the Malaysian Timber Council Marketing Seminar 2017.
Mohamed Iqbal said against this backdrop, the country would continue to see a steady rise in demand in the years to come.
He also said the Indian government''s ''Made in India'' policy would further drive up demand of timber there as many small scale furniture manufacturing units are being set up.
"Besides this, the government''s initiative -- "Housing For All by 2022", would also call for more Malaysian timber," he said, adding that the initiative aimed at providing low cost housing for the impoverished and lower middle class segments of society.
Malaysia, according to him could be an important commercial partner and a neighbouring country and taking advantage of this increased demand due to the availability of various species of timber, lower freight rates from Malaysia to India and shorter transit time.
"Concentrating on these, pricing the products correctly and adhering to regulations will ensure Malaysia as India''s most trusted and reliable timber supplying country," he added.
In 2015, Malaysian timber products exported to other countries were valued at US$4.97 billion (US$1=RM4.41) and eight per cent of Malaysian exports of timber products was to India.
-- BERNAMA
Bernama
Tue Apr 18 2017
The increasing demand for timber in India was due to the resurgence of the domestic economy and the rapid expansion of the middle and upper income groups. - FILEpic
PDRM gerak unit skuba forensik, K9 cari telefon, rantai Nur Farah Kartini hari ini
Proses mencari bahan bukti akan dimulakan sekitar jam 9 pagi di kawasan parit berhampiran ladang kelapa sawit berkenaan.
Bangkai pesawat MH17 tanpa sayap imbau kekejaman tragedi menyayat hati
Keadaan serpihan pesawat MH17 Malaysia Airlines (MAS) yang cuba dibina semula tanpa sayap, tayar, ekor dan tempat duduk penumpang cukup menggerunkan sekali gus mengingatkan pada kekejaman yang meragut
VOP akan diselesaikan dalam tempoh sebulan - Ahmad
Pelaksanaan Syarat Perubahan Harga (VOP) susulan penyasaran subsidi diesel dijangka diselesaikan dalam tempoh sebulan lagi, kata Timbalan Menteri Kerja Raya Datuk Seri Ahmad Maslan.
Industri minyak sawit disaran guna semula sisa untuk bahan api penerbangan mampan - Liew
Industri minyak sawit perlu mengkaji penggunaan semula sisa sebagai stok suapan penting untuk bahan api penerbangan mampan (SAF), di luar penggunaan tradisional minyak sawit.
SDG: UTP lahir pelajar berkemahiran, tinggi tanggungjawab sosial
UTP berhasrat mendidik pelajar bukan sahaja untuk mahir dalam aspek teknikal tetapi juga untuk menjadi warganegara yang bertanggungjawab.
MAA semak semula unjuran jualan kenderaan 2024 kepada 765,000 unit
Persatuan Automotif Malaysia (MAA) telah menyemak semula unjuran jualan kenderaan bermotor baharu bagi 2024 kepada 765,000 unit daripada anggaran sebelumnya sebanyak 740,000 unit.
RUU 355: Pindaan perlu untuk praktikaliti, keadilan
Apa sahaja pindaan terhadap akta itu perlu berjalan selari dengan persediaan mereka yang bertanggungjawab melaksanakannya.
Rasionalisasi RON95 dijangka beri impak lebih besar kepada PKS - SAMENTA
SAMENTA menjangkakan rasionalisasi RON95 akan memberi impak yang lebih besar kepada perusahaan kecil dan sederhana (PKS) berbanding pelarasan subsidi diesel.
Malaysia sasar pengeluaran 40 peratus sektor akuakultur menjelang 2030
Malaysia menyasarkan pengeluaran 40 peratus hasil sektor akuakultur menjelang 2030 dalam usaha membantu mengimbangi keperluan perikanan negara.
10 Berita Pilihan - (16 Julai 2024
Antara pelbagai berita dalam dan luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.