ANNUAL 2023 WINNERS-wood and wood product company

02 Nov 2023 CW Team

India has the 4th largest market size for wood and wood products regionally, with demand reaching $ 21.5 billion in 2021. The industry is dominated by domestic suppliers, as imports account for 3.8 per cent of total market size. The cost of the industry increased by 15.1 per cent in 2021, largely driven by rising B2B costs. The B2B spend represents 92.7 per cent of total demand. The industry’s profitability stood at 19.5 per cent of production value in 2021, the second highest regionally. With a production value of $ 26.9 billion, India accounts for 6.8 per cent of the Asia Pacific.

The wood products market registered a growth of 8.55 per cent in value shipments in 2022, compared to 2021, and a decrease of -11.51 per cent CAGR in 2022 over a period of 2017. India is becoming more competitive in the market with a HHI index of 1,737 in 2022 compared to 3,648 in 2017. India has reportedly relied more on domestic production to meet its growing demand and the trend is shifting towards reducing imports. The import factor of the wood products Market in 2022 was 0.15 while it was 0.48 in 2017. China, Malaysia, Sri Lanka, Singapore and Thailand were among the top players of the market in 2022, where China acquired the largest market share of 29.09 per cent with a shipment value of $ 32.92 million in 2022.

To read the full story, CLICK HERE.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..