Across the board, manufacturers of furniture see the shutdown of Chinese exports to the US, as an opportunity for scaling up and making in India for the rest of the world. Earlier this year before the coronavirus pandemic caused a shutdown, Union Commerce Minister Piyush Goyal spoke at a CII event and stated that the nation had vast resources for making good furniture but was still importing it.
If local players could make good quality furniture it could also help create more employment, he said. However, to make that happen, manufacturers they say they need new labor laws, as well as ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Wed, May 27 2020. 13:22 IST
