Changing scenario: A productivity and financial slow-down in small and medium scale laminate industries
KPS Patali, Nita Solanki
The past 10-15 years saw a rapid growth in the Real Estate Sector. With rapid Urbanization and a growing Economy, the need for Real Estate saw a real boom. Closely associated with this boom was the evolving nature of Furnishing. From plain wood, people moved on to ply woods and laminates, keeping in view, the availability, cost and latest trends in mind. The furnishing Industry in India is today pegged at approx Rs.50, 000 Crores (Fifty thousand Crores) of which laminates accounts for Rs.3, 3oo Crores(Three thousand three hundred Crores).The Industry contributes 0.5 % to the GDP.A large portion of the Laminate Industry till recently about 4-5 years was in the Unorganized sector. It was about 70-75% of the Laminate Business. The reasons were the large amount of taxation on the Industry, loopholes in taxation and lack of Quality awareness amongst the Consumers. However, the recent policy changes of the Government in terms of taxation, growing Consumer awareness has brought back a shift towards organized sector. The Research paper begins with a Comparison between the Unorganized and Organized sector of Laminate Industry, goes on to discuss the Implications of the Government recent policy changes on the Industry and the overall Impact, it may have on the Small and Medium Scale Laminate Industry.
KPS Patali, Nita Solanki. Changing scenario: A productivity and financial slow-down in small and medium scale laminate industries. International Journal of Commerce and Management Research, Volume 3, Issue 4, 2017, Pages 77-81