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May 21, 2019

The future’s not bright for the Indian plywood industry

The future’s not bright for the Indian plywood industry

The future hasn't panned out the way organised Indian plywood and particleboard makers envisaged after the implementation of the Goods and Services Tax (GST) regime.

Benefits of the new tax regime which was supposed to help to the industry leaders have played out, but slowly, and in bits and pieces.

The sector was largely unorganised where small units controlled 75 percent of the market before GST while there were a handful of organised players having the balance 25 percent mostly controlled by two listed entities: Century Plyboards and GreenPly Industries.

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