 |
|
|
GET THE LATEST INFORMATION ON |
|
|
|
| |
|
| India becoming major player in timber trade with Malaysia |
India’s timber imports in 2008 were around US$1.4 billion, out of which, US$362.8 million (RM1.3 billion) originated from Malaysia. This made India Malaysia’s third largest timber trading partner after the US and Japan.
Products exported to India include logs worth US$263 million (RM920 million), mainly from Sarawak and wooden furniture worth US$44.8 million (RM156.8 million). A recent trade mission by the Malaysian Timber Council (MTC) to Delhi, Mumbai and Chennai identified that India is expected to remain a major importer due to its large population and growing middle-class income group.
|
| Source : TTM Report |
|
|
|