Malaysian timber industry finds immense opportunity in Indian market for its timber products. According to Malaysian experts fast urbanisation, growth of real estate sector and expanding middle class with increasing per capita income have contributed over the years to make India a potential market for for Malaysian timber industry. Malaysia sees opportunity in wooden furniture, plywood and sawn timber. Currently, these are imported from China, Vietnam, some African countries and Brazil.
Recently, Malaysian Timber Council (MTC) opened its office in Bengaluru to add India to its list of overseas operations. MTC is a government initiated body that acts as bridge between timber companies in Malaysia and importers from other countries around the world to match the need of customers to suppliers. MTC has offices in London, Dubai and in China. Malaysia’s timber are currently exported to more than 160 countries.
In the last decade or so, the Malaysian goverment has initiated the Forest Plantation Development program to ensure sustained timber supply for downstream business. Malaysia’s timber sector is the biggest investor in tree planting in the country.