Furniture sector under PLI?

The Production Linked Incentive (PLI) scheme was launched by the government (in 2020) with an outlay of about Rs. 2 lakh crore for 14 sectors for achieving an Atmanirbhar Bharat. These include automobiles and auto components, white goods, pharma, textiles, advance chemistry cell and speciality steel. The government is currently considering covering certain types of furniture as well, under the scheme to boost domestic manufacturing, and exports and create jobs in the sector. 

Mr. Mohit Singla, Chairman Trade Promotion Council of India said that there is already established competitiveness in the moulded furniture sector, and the PLI scheme would be a thoughtful step in that direction. “Like we have industrial parks for the pharma sector, a similar move to develop a furniture cluster will give a fillip to the sector”, he said.

At present the global furniture exports are worth US$ 264 billion. The market is dominated five countries China, Germany, Poland, Italy and Vietnam, together accounting for half of the market share. On the other hand, India’s furniture export currently is about US$ 400 million per year.