Gujarat-based Nipponply Industries has unveiled a ₹250 crore investment plan spread over the next three years aimed at scaling up production, enhancing export capacity, building e-commerce platforms, and developing warehousing and design hubs.
Currently, the company is already investing ₹65 crore to expand its panel and furniture manufacturing units. Managing Director Ketan Thakkar stated, “Our upcoming initiatives include setting up export-ready production systems, digital retail infrastructure, modern storage and design facilities, and building stronger global ties.”
Mr Thakkar highlighted that the furniture sector is witnessing rising demand, both in India and globally, particularly in Europe. He pointed to evolving industry trends, including a shift from traditional carpentry to modular, branded furniture and increased preference for wood-veneered plywood in place of MDF.
He emphasized India’s potential to emerge as a global hub for modular furniture exports, provided it receives the right policy support. The company is already exploring partnerships in key regions such as Europe, the Middle East, and North America.
Mr Thakkar also welcomed the government’s Quality Control Orders (QCOs), noting that such regulations would help eliminate low-grade imports and promote certified domestic producers, thereby improving both quality standards and international competitiveness.
On taxation, he proposed revising the GST rate for certified furniture to 12%, down from the current 18%, to ease costs for budget-conscious buyers. He also recommended offering input tax credits and GST relief to modular furniture exporters in the MSME sector to support the use of sustainable materials and improve pricing parity in global markets. Nipponply’s operations are supported by a 100-member team across departments including design, logistics, surface finishing, marketing, and production.
Nipponply Industries, founded in 1994 in Gujarat, has established itself as a prominent manufacturer and supplier of high‑quality plywood, veneers, laminates, and flush doors in India. Operating under the brand philosophy of “Value for Money”, the company emphasizes superior raw‑material sourcing—often hundred‑percent natural hardwood like Gurjan—combined with R&D‐driven innovations and eco‑friendly finishes.
