Projects and Architects Driven Sales Will Help The Organised Sector to Grow

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Indian government is spending Rs 102 lakhs crore on different infrastructural projects such as energy, road, railways, ports, urban development, rural infrastructure etc. This huge government spending will lead to good demand of building material products in government projects and will also build up positive demand for surrounding developments that will happen in terms of residential and commercial projects. Also in 2020, the government’s stressed asset fund will play a key role in helping out the liquidity-hit stalled projects. The residential sector is expected to remain sluggish but ‘affordable housing, co-working/co-living spaces, logistics & warehousing etc will help the demand influenced by specifiers community.It is definitely more likely that architects and designer community will have a more important role to play in material selection and their sales as more demand is coming from projects or commercial category. The organized wood panel brands are set get benefitted with the volume prospects in this area.

The reports from government related bodies such as NBCC, NFCC, Metro Railway, PWD, CPWD, Railways, Airport Authority of India, MIS, Road transport sectors, etc find that they are going to receive hefty budget in 2020- 21 for completion of many projects. Leading to which there could be a better prospect for plywood, doors, ACP, Tiles, Faucets, Laminates, WPC, MDF, Particle Boards, Timber in their projects. The demand for sustainable, eco-friendly, products with fire rated properties, BIS and quality assurance Guarantee will be important in coming future. 2020 will have better scenario for organized brands in wood panel, laminates, doors, MDF and ACP segment whose process, systems and teams are in place to identity and get approvals.

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