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May 2013

India: Prospects for an interest rate cut improve

The Wholesale Price Index, a widely watched measure of inflation, dropped to 5.96% in March, the lowest in the past forty months... [Mai mult... ]

Apr 2013

India: Reserve Bank of India releases latest monetary policy review

The Reserve Bank of India's (RBI) recently issued a press release on its March, mid-quarter economic review: [Mai mult... ]

India: Timber imports help Jammu and Kashmir conserve forests

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... [Mai mult... ]

Mar 2013

India: Call for budget to stimulate housing sector

Developments in India’s housing sector reflect the state of the economy... [Mai mult... ]

India: Budget offers support to home buyers

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... [Mai mult... ]

Feb 2013

India: Budget expected to focus on stimulating industrial production

At the end of February the national budget for the coming fiscal year is expected to be submitted to parliament... [Mai mult... ]

Jan 2013

India: 2013 begins on a confident note

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... [Mai mult... ]

Dec 2011

India: Sliding rupee set to alter timber trade performance

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... [Mai mult... ]

Global economic downturn affecting the Indian economy

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... [Mai mult... ]

Nov 2011

India: Domestic log prices firm as imported log prices climb

With the monsoon rains having receded in most parts of India log auctions have restarted in Central and Western depots... [Mai mult... ]

India: Weakening rupee continues to undermine imports

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... [Mai mult... ]

Oct 2011

India: Gandhidham emerges as a wood manufacturing hub

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... [Mai mult... ]

India: August exports up a robust 44 percent

Data released by the Ministry of Commerce shows that, despite the economic woes in traditional western markets... [Mai mult... ]

India: Imports of teak logs affected by exchange rate movements

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... [Mai mult... ]

Sep 2011

India: Log auction sales end in Central Province depots

Auction sales of domestic logs have now ended for the current season in the Jabalpur, Hoshangabad and Betul forest division depots... [Mai mult... ]

India: Critical log shortage affecting panel industries

A chronic problem of raw material shortages for wood based panel industries has resulted in many plants having to run well below capacity... [Mai mult... ]

Aug 2011

India: Export performance sustained

Figures released by Ministry of Commerce indicate a rise of 46% in exports during the month of June 2011 to US$29 billion... [Mai mult... ]

India: Inflation fears prompt another interest rate hike

Analysts report that inflation in India is expected to remain high until year end... [Mai mult... ]

Brisk log sales at Central India auctions

Recent auction sales of Teak and other hardwoods at depots in Central India were well attended... [Mai mult... ]

Jul 2011

Indian industry going for automation

In India, both wood raw materials and now labour are now in short supply... [Mai mult... ]

India: Economists suggest export growth could slow

During fiscal 2010/11 India made good progress in international trade... [Mai mult... ]

Jun 2011

India: Foreign investment directed to the furniture sector

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... [Mai mult... ]

India sets high export target

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... [Mai mult... ]

India: Teak log prices firm at local auctions

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... [Mai mult... ]

May 2011

India: MOU to expand Sandalwood forest area in Karnataka

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... [Mai mult... ]