FIPPI points out that about 92% of the wood used comes from “Trees Outside Forests” (ToF) or agroforestry, benefiting over 1 million farmers.
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Boom in the real estate sector result the benefit of lot of allied industry and entrepreneurs, which also includes the country’s wood panel industry.
Sawn timber imports have shrunk by 7 percent compared to last years. According to the report of DGCI&S, Sawn timber import reduced by approx. Rs 130 crore in 2016-17 from Rs 1933 crore in FY 2015-16.