Momentum in budget will enable centuryply to capitalize the opportunity

Mr. Keshav Bhajanka, Executive Director, CenturyPly

“We have a deep-rooted connection to the real estate sector, and its performance is crucial for our future. I believe that tax exemptions on home loan interest, along with expected interest rate cuts this year, could significantly enhance demand.

A key issue in affordable housing, particularly in major metropolitan areas, is the current limit of 45 lakh rupees, and I hope the government will increase this cap to align with the recent rise in real estate prices.

Moreover, the furniture industry has been advocating for a Production-Linked Incentive (PLI) scheme for several budgets, and I am hopeful that this will finally gain traction this year, allowing us to compete globally.

The emphasis on infrastructure in recent budgets has been remarkable, and I trust this momentum will continue, benefiting all industries in the long run. Our capital expenditure has notably increased, positioning us to leverage the anticipated boost from infrastructure spending.

In our product lineup, we offer premium plywood, along with more affordable options like MDF and particle board, which aligns with the push for affordable housing. We have expanded our capacities in both MDF and particle board, while also focusing on our economical plywood range, Sainik. This strategy will enable us to capitalize on the government’s commitment to affordable housing, and we are well-prepared with significant investments to take advantage of this opportunity.

The emphasis on smart cities has always been present, highlighting the clear need for urbanization and its decentralization. Over the past four to five years, we have significantly enhanced our distribution and infrastructure, allowing us to capitalize on the growth of smart cities.

Moving forward, we plan to invest in strengthening our supply chain to meet the diverse demands of this industry.”