FTAs with UAE, EFTA, UK, EU set to lift India's $30B furniture sector, exporters say
Industry expects recent free trade pacts to boost furniture exports and domestic manufacturing, with players like Nipponply and BCVPL scaling capacity. IKEA is setting up an India product development arm. India ranks 16th globally with under 1% share of an export market projected at $872.5B by 2030.
Industry says India's recent FTAs with UAE, EFTA, Australia, UK and EU will boost furniture exports and domestic manufacturing. Nipponply, BCVPL ramping exports; IKEA setting up India product development arm. Market valued over USD 30 billion.
Why this matters
FTAs with UAE, EFTA, UK and EU give Indian furniture exporters tariff access to major markets, supporting capacity expansion by Nipponply and BCVPL and IKEA's local product development push.
Retail-company signals steady at 2,830 over 90 days, reflecting consistent sector activity.