PDA Trade Fairs, the exhibition & trade fair division of Pradeep Devaiah & Associates Pvt., Ltd., a leading international industry specific trade fairs organizers today announce that the 6th edition of IndiaWood – IndiaWood 2010 will be held from the 4th to 8th of March 2010 at the sprawling BIEC (Bangalore International Exhibition Centre) on Tumkur Road, Bangalore. IndiaWood – a biennial event aims to showcase the latest in wood processing technologies like sophisticated machines, accessories and tools, raw materials to products, fittings to woodworking machinery and Woodworking materials & consumables from all over the world. This 5-day event will feature an exhibition and multi-track conferences addressing key issues in the Woodworking Industry. The event will offer companies a platform to showcase technology & capability, meet potential buyers & vendors and explore joint-ventures & collaborations.
IndiaWood 2010 has already sold out over 65% of the 30,000 Sq Mtrs space, with country pavilions from Germany, Italy, Taiwan and USA having already confirmed large spaces for their respective country pavilions. IndiaWood 2010 is expecting a phenomenal participation from China too.
Pradeep Devaiah - Chairman and CEO, PDA Trade Fairs Pvt., Ltd., said, “IndiaWood has had a modest beginning in 1999 with just 103 exhibitors from India and overseas. It was more of an educative platform for the Indian Woodworking Industry, but ever since then, its broken new ground, edition after edition. We are pleased to say that IndiaWood 2010 will have over 450 exhibitors from 30 countries around the world. IndiaWood is now more than ever in a unique position to cater to the entire spectrum of the woodworking industry.”
He said, “A decade back the woodworking industry in India has mostly been manual and was largely dependent on skilled labor. Whereas, western countries were far ahead by using sophisticated machinery and technology. The lack of mechanization and technology know-how was a severe limitation to the growth of the woodworking industry in India. The technology used by the developed countries was not only of superior quality but was also stressing on eco-friendliness.
The scope of the industry was made even bigger by the advent of technology to minimize wood waste and create by-products from the already available wood waste. These were some of the factors that prompted us to do a trade fair focused on the wood industry. As India embraced the technology there was a spurt in the wood industry creating greater employment opportunities. Several allied industries mushroomed to support the growing wood industry creating jobs and entrepreneurs.”
“India has turned out to be manufacturing hub as well as a strong buyer market. Most International companies are looking at India to revive their sales and revenues.” He added.
Over the years IndiaWood is turning out to be one of the most definitive wood working industry show outside USA and Europe. IndiaWood is shaping out to be the industry hub for India as well as the Asian and Gulf markets.
Giving a glimpse of the industry size and potential, Mr. Srinivasan S – President & Director PDA Trade Fairs said, “Even at a conservative scenario wood and wood products trade in the international market will reach around US$450 billion by the year 2020. The Indian domestic furniture industry is estimated to be worth around U.S. $7 billion and growing at 20% and is mostly dominated by the unorganized sector, with the organized sector accounting for only 20% of the share.
The Indian economy is seeing a growth rate in excess of 9 per cent for the last 3 years and the current growth rate is between 7 to 8 per cent per Annum. IndiaWood 2010 will help to meet the demands of the booming local furniture manufacturing industries and continue to catalyze the growth of this sector. This also helps the growth of several allied Industries, thereby creating immense employment opportunities for skilled wood workers and spawn entrepreneurs.”