23 hrs ago
India’s Furniture and Handicraft Exports Set for Strong Growth
India’s furniture and handicraft businesses expect their exports to grow quickly over the next three years.
They estimate annual growth of 20–22%.
Industry leaders say government policies, better roads and facilities, and trade agreements are helping.
They want easier export rules and better shipping systems.
They also want Indian warehouses and showrooms in important overseas markets.
A large furniture exhibition called IMM India 2026 has started in New Delhi.
The exhibition has 102 exhibitors and more than 8,000 trade buyers.
Business leaders say India could become an important global center for furniture design and manufacturing.
Furniture and handicraft exports are projected to grow 20–22% annually over the next three years.
Industry leaders credited Narendra Modi government policies, improved infrastructure, and new trade agreements for the expected growth.
They called for simpler production and export procedures, better logistics, and overseas Indian warehouses and showrooms instead of subsidies.
IMM India 2026 opened in New Delhi with 102 exhibitors and more than 8,000 trade buyers.
India’s home furniture market is projected to reach $40.53 billion by 2031, while Rajasthan’s annual handicraft exports total Rs 12,000 crore.
- Who
- India’s furniture and handicraft industry, the Narendra Modi government, Koelnmesse, and participating exporters and buyers.
- What
- Furniture and handicraft exports are projected to grow 20–22% annually, alongside the launch of IMM India 2026.
- Where
- The exhibition is taking place in New Delhi, India; the projected export growth concerns Indian businesses and global markets.
- When
- IMM India 2026 is being held from September 1 to 3; the export growth projection covers the next three years.
- Why
- Industry leaders cite favorable policies, improved infrastructure, trade agreements, and expanding global demand, while seeking simpler procedures and better logistics.
Government Policy Benefits
Industry Implementation Priorities
What is driving export growth?
Government Policy Benefits
Industry representatives credit Narendra Modi government policies, export-focused measures, improved infrastructure, and trade agreements with countries and regions including the UK, Australia, Vietnam, and Europe and Africa.
Industry Implementation Priorities
Industry representatives say continued growth depends on easing production and export procedures, improving logistics, and creating Indian warehouses and showrooms in key global markets rather than relying on subsidies.
How should the sector build competitiveness?
Government Policy Benefits
The launch of IMM India 2026 is presented as a long-term platform to strengthen India’s global identity as a design-led manufacturing and sourcing hub.
Industry Implementation Priorities
The Jodhpur Handicrafts Exporters Association emphasizes investment in artisan skill development to increase India’s share of the global market.
Key facts
- Projected export growth
- 20–22% annually over the next three years
- IMM India 2026 dates
- September 1–3
- Exhibition location
- New Delhi
- Exhibitors and buyers
- 102 exhibitors and more than 8,000 trade buyers
- Home furniture market projection
- $40.53 billion by 2031
- Home furniture market growth
- More than 8% compound annual growth rate through 2031
- Rajasthan handicraft exports
- Rs 12,000 crore annually
Quotes
Milind Dixit
Managing Director of Koelnmesse
“The launch of imm India today marks the beginning of a long-term industry platform designed to strengthen India’s role in the global furniture and interiors ecosystem. With the India Home Furniture Market on track to grow at more than 8% CAGR through 2031, this event will provide an unmatched opportunity for manufacturers, designers, and buyers to connect, exchange insights, and accelerate growth. Our goal is to spotlight India’s role as a design-led manufacturing hub and elevate industry ex?”
republicworld.com
Sources
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