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Automation to drive higher growth rate for India s MDF industry -Greenpanel CFO

India s furniture industry will witness major changes with the entry of domestic organised and international players bringing in more automation, driving higher growth rates for the medium density. | June 13, 2023

mdf: Automation to drive higher growth rate for India s MDF industry -Greenpanel CFO

India s furniture industry will experience significant changes with the entry of organized domestic and international players and the adoption of automation, according to Vishwanathan Venkatramani, CFO of Greenpanel Industries. He highlighted that automation will drive the growth of the medium density fiberboard (MDF) sector, since it is produced in fully automated plants, unlike plywood, which is labor-intensive.

Greenpanel, India s largest wood panel manufacturer, creates niche for MDF in the industry

New Delhi [India], April 5 (ANI/NewsVoir): The present age of perennially changing market trends has rendered the furniture industry with just the right mix to unveil its true potential exponentially. The rising affinity for rental furniture, increasing presence on the e-commerce platform to evade pandemic induced loops prevalent in the brick and mortar model can contribute to moulding the furniture segment as an omnichannel business model. This has unleashed infinite opportunities for wood raw material suppliers to expand and be the key players in the industry. It has opened new avenues to explore new possibilities and experiment with diverse products to enhance the interiors of our homes.

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