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three percent for standard risk countries and nine percent for southern regions of the State.
high-risk countries as part of a risk-based approach. The Tamil Nadu government has signed memorandums
of understanding for 24 projects and is aiming for exports of
INDIA US$100 billion by 2030.

Manufacturing emerging as attractive sector for The Micro, Small and Medium Enterprises Trade and
investors Investment Promotion Bureau (M-TIPB) of the Tamil Nadu
In a special report, S&P Global says India’s manufacturing government has signed an agreement with Flipkart/Walmart
sector is emerging as an increasingly attractive destination for to promote e-commerce among MSMEs in the state through
investors as the country makes progress in competitiveness a supplier development programme.
and is making its manufacturing sector more attractive to M-TIPB and the Indo-German Chamber of Commerce
global investors. have signed a Memorandum of Understanding to facilitate
The report also highlights that over the past three decades engagement between MSMEs in the state and enterprises
its core sectors, manufacturing, agriculture and services have in Germany. For MSMEs in the state, the MoU will enhance

grown in step with demographic shifts and structural changes links, interaction, technology partnership programmes and
and will see demand grow as the economy advances. export prospects.
The latest report from S&P Global comes after India’s Key factors for the growth of the furniture sector in India
manufacturing sector expanded at its fastest pace in 10 months could be considered as improved supply management, cost
in April, driven by strong demand and a sharp rise in output. minimisation, brand creation and customisation options.
“An analysis of S&P Global Market Intelligence’s index
over time indicates that India has made notable progress in VIETNAM

enhancing its competitiveness and making its manufacturing Wood and Wood Product (W&WP) trade highlights
sector more attractive to investors” the report said. According to the Vietnam Customs Department W&WP
According to Vietnam General Department of Customs W&WP
New Zealand trade mission exports in June 2025 reached US$1.3 billion, an increase of
New Zealand’s Minister of Forestry, Todd McClay, revealed four percent compared to June 2024 of which, WP exports
that reciprocal trade missions with India this year are expected contributed US$884 million, up four percent compared to
to promote New Zealand's forestry systems and sustainable June 2024.
management practices. In the first six months of 2025 exports of wood and wood
He added "the outbound mission is aimed at strengthening products are estimated to have earned US$8.1 billion, an

trade links, deepening industry ties and unlocking greater
value for both countries.”
New Zealand's wood exports to India surged from US$9.5 Chaabani Mohamed Dhia
million in 2023 and are forecast to reach US$76 million this year.

"International Furniture Park"- strengthening India's
export potential

An "International Furniture Park" at Tuticorin is an export
oriented initiative aimed at driving the industrial growth of the