Plywood industry in trouble due to realty slump
The plywood industry was badly hit by the slump in the real estate industry. The Indian plywood industry has an annual revenues of Rs 25,000-30,000 crore.
The domestic plywood industry, especially the unorganised sector will be in trouble once China starts flooding the market with quality products. However, due to quality issues, imports were minimal from China.
In the absence of support from the government, plywood industry in India is unable to flourish. Moreover the growth rate earlier was 8-10 per cent per year, has now come down to 5 per cent.
Also labour shortage was another problem plywood industry was struggling with.
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