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In a bid to conserve state forest resources the Jammu and Kashmir government has adopted policies liberalising the procedures for timber imports and out of state purchases by manufacturers...
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The budget for 2013-14, presented by the Finance Minister Mr.P.Chidambaram, has not increased import duties on wood in the rough, sawn timber, plywood and other panel products...
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While the Indian economy could not avoid the impact of the weak global economy and also had its share of economic shocks, activity in wood based industry was rather resilient and demonstrated continued expansion, albeit more slowly than over the past few years...
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India’s increasing trade deficit, along with the withdrawal
of investments by investors from Europe and N. America,
has added to the toll on the value of Indian rupee against
all major currencies...
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India’s GDP fell to a two year low of 6.9 percent in the
second quarter of this financial year, slipping below 8%
for the third straight quarter...
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Fluctuations in the Rupee/US Dollar exchange rate have
affected timber imports and the current 10% rise in import
costs due to the weakening of the Rupee is difficult for the
industry to absorb...
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Gandhidham is a city and a municipality in the Kutch
District of Gujarat State and home to India's largest port
Kandla which is around 11 km from the city...
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Serious fluctuations in the Rupee and US Dollar exchange
rate have affected imports of timber and in recent weeks
the 10% rise in import costs of logs due to the depreciation
of the Rupee cannot easily be absorbed by industry say
local observers...
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A chronic problem of raw material shortages for wood
based panel industries has resulted in many plants having
to run well below capacity...
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Foreign investment in the timber and furniture sectors has
been encouraged by the Indian government to meet the
growing demand for furniture and other timber products.
Initiatives have been taken to increase investment flows
into timber manufacturing...
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As the flow of exports from India improves, the
government of India has set an export target of US$500
billion for 2013-14, almost doubling the US$246 billion
achieved during 2010-11...
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Auction sales at Government Forest Depots in Gujarat and
Central India are continuing and price trends for teak have
been reported as firm, this also applies to other hardwood
logs...
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The state of Karnataka is the largest producer of
sandalwood (Santalum album) in India. However, as a
result of illegal logging and smuggling, sandalwood in
natural forests is under threat of extinction and imports
from other tropical countries are needed to meet the
demand in India...
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