Govt may impose curbs on furniture imports to boost domestic manufacturing

According to estimates, China's export to India stood at around USD 1 billion.

The government is likely to impose restrictions on imports of furniture with a view to boost domestic manufacturing and reduce inbound shipments of non-essential items, an official said.

The Department for Promotion of Industry and Internal Trade has suggested to its commerce counterpart to put the restrictions.

The Directorate General of Foreign Trade is expected to soon come out with a notification regarding this, the official said.

Putting a product in restricted category means an importer will require licence or permission for the inbound shipment.

India's furniture imports stood at USD 603 million in 2018-19. Out of this, from China, it was USD 311 million in that financial year. The other main exporters to to India include Malaysia, Germany, Italy, and Singapore.

China is the largest exporter of different kind of furniture in the world.

According to estimates, China's export to India stood at around USD 1 billion.

The position of India in the sector is weak as the sector is largely fragmented and is in the unorganised segment. The size of the domestic furniture industry is about USD 5 billion. The exports stood at around USD 1.5 billion.

The government earlier this month imposed similar restrictions on imports of refined palm oil, a move which would discourage the inbound shipment of the commodity from Malaysia.



Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel