The Malaysian Timber Council (MTC) will open an office in the south city of Bangalore in June this year to better service the Indian market.
The domestic timber industry is a major contributor to the nation’s export accounting for about 18 per cent of total export earnings by the commodities sector and almost three per cent of Malaysia’s total export earnings in 2016.
Malaysia’s wood product exports are set to increase around 5 per cent this year from RM21.86 billion in 2016.
Datuk Datu Nasrun Datu Mansur, Plantation Industries and Commodities Deputy Minister, said the increase will be possible as demand from India is growing.
Source: ITTO
