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Delhiwood 2019: A world of immense opportunities

A glimpse of Delhiwood 2017 which attracted over 25,000 visitors from 789 cities and 53 countries. A 50% increase in audience numbers is expected during the 6th edition of the show starting from March 13, 2019.

Delhiwood 2019: A world of immense opportunities

Growing demand for office space, co-working, retail, student housing and residential space is set to offer unlimited opportunities for the Indian furniture manufacturing sector. VISIT DELHIWOOD 2019 from March 13 – 16 to explore market opportunities.

India is the world’s fastest growing economy in major emerging markets. With a GDP of 7.3% in FY 2019, the economy is seen to be robust, having high potential for growth. The key drivers for this growth will be government intervention, sustained investment and strong domestic consumption. In fact, a recent report by the World Economic Forum (WEF) predicts the Indian economy will be the third largest in the world following the United States and China by 2030.

The country’s economic recovery from the effects of demonetization and GST is reflected in the 8.2% GDP growth registered in the first quarter of 2018-19. Robust performance by manufacturing, construction and service sectors supported by good farm output has led to GDP growth.

Backed by this growth engine, the prospects are bright for the real estate and infrastructure sector in the medium term. There is a clear increase in infrastructure related activities (Smart Cities) and a growth in real estate category (Commercial complexes and Residential Projects).

While certain issues need to be resolved, including slow implementation of RERA by states, lack of regulatory framework for student housing and slowdown of investments in residential markets, overall perspectives remain positive. This is because the real estate and infrastructure sector is steadily evolving towards greater regulation and transparency. As a result, other linked sectors like furniture manufacturing will benefit from this change and grow exponentially.

At the moment, close to 80% of the furniture market is unorganized, with bulk of the supply provided by small and medium sized industries. However, this is changing rapidly with the entry of organized players in the market.  E-tailers like Urban Ladder

Woodworking shows like Delhiwood, Indiawood and Mumbaiwood have consistently offered an all-encompassing platform for both the demand and supply side to equip themselves with latest in technology, design, machinery and raw materials.

Events at Delhiwood 2019

Timber Forum

  • Date: 15 March, 2019
  • Time: 2 pm to 6 pm
  • Topic: Versatility of Timber
  • Panel Discussion: Challenges and Solutions in Woodworking

Skill Competition

  • Date: 13, 14, 15, 16 March, 2019
  • Time: During Expo Hours
  • Topic: The winners of IndiaSkills 2019 competition to work on test projects in Cabinet Making and Joinery.