Monday, October 1, 2007

Automobile designer Dilip Chhabria is now revving up to give the Italians, known for high-end furniture, a run for their money

Trained at the Art Center College of Design, California, Dilip Chhabria is now ready for a play in the lucrative designer furniture market. Chhabria had already set up a factory in Pune.

He would announce his new venture at the Index International Furniture Fair 2007 that scheduled to start on October 18 at the Bombay Exhibition Centre, Goregaon.

“In designer cars, we have proved that we are second to none. We will prove the same in furniture. If we have the ability and expertise to provide quality products at comparatively lower prices, customers will not go in for imported stuff.” Chhabria said.

Indian furniture market :

Under the shadow of a booming real estate sector, India’s furniture market has grown to $8 billion, rising by 20 per cent per annum. The growing need for high quality lifestyle and posh corporate environments has fueled a rush of overseas furniture makers.

Organized Indian players,and global furniture majors from Italy, China, Taiwan, Thailand, Malaysia, Brazil and Germany, are all eying this sector with renewed vigor.

Italian furniture are in high demand in the residential segment, while Malaysia continues to dominate the high-end corporate office space. Ninety per cent of all imported furniture still come from China as a growing number of Indians prefer cheap products,” said Liyakat Ali Khan, president, Universal Expositions Group, which organizes India’s premier furniture fair.

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