India is the worlds second-largest producer of timber, after China. India produces a total of about 600 million cubic meters (2.7 billion cubic feet) of timber a year, of which about 95% is used for domestic consumption. India has an annual growth rate of about 7% in the timber industry.
The timber industry in India is highly fragmented, with about 2,000 private companies producing timber. The government has played a significant role in the development of the timber industry, through its forestry and forest products departments. The government has also been instrumental in promoting the use of Indian timber in international markets.
The main timber species in India are teak, mahogany, rosewood, and ebony. The government has been encouraged to increase the use of indigenous timber species, and has developed policies to promote the use of these species. The government has also developed a programme to provide technical assistance to private companies in the timber industry.
The timber industry in India is highly competitive, and the companies face a number of challenges. The main challenges are the high cost of production and the high cost of timber. The high cost of production is due to the high demand for timber in the global market, and the high cost of inputs, such as labour and fuel.
The high cost of timber is due to the high cost of timber, the high level of government intervention in the timber industry, and the high level of corruption in the timber industry.