Indian Gift City Exchange Set for First Foreign-Currency Listing
The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City, is initially targeting unlisted companies for the debut, chief executive officer V. Balasubramaniam said in an interview. These may be Indian firms with foreign holdings or even Silicon Valley or Delaware-based entities, he said, without providing any names.
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41 minutes ago
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[Latest] India Door Market Valuation is Skyrocketing to Reach US$ 1,934.56 Million By 2033
India's door market advances as housing, infrastructure and renovation cycles converge. This synchrony steers consumers toward engineered wood, steel security and connected smart doors. Consequently, firms embracing recyclable composites and IoT ecosystems capture competitive momentum. Chicago, July 08, 2025 (GLOBE NEWSWIRE) -- The India door market was valued at US$ 1,088.56 million in 2024 and is expected to reach US$ 1,934.56 million by 2033, growing at a CAGR of 6.74% during the forecast period 2025-2033. The India door market is being propelled by a rare confluence of policy, demographic, and investment forces that coalesced by early-2024. Government flagship missions such as Pradhan Mantri Awas Yojana–Urban have already handed over roughly 10.5 million affordable houses, each requiring an average of seven interior and exterior door sets, adding nearly 74 million incremental door units to annual demand pools. Parallelly, the National Infrastructure Pipeline registers 8,964 active projects—metro corridors, data centers, and industrial parks—all embedding high-spec fire doors in design briefs. These macro levers form the foundational growth runway for the India door market, aligning long-cycle construction outlays with day-to-day hardware off-take. Access Sample Pages to Review Market Segmentation and Methodology: Demand visibility strengthens as commercial real-estate dynamics improve. CBRE's 2023 office outlook notes Grade-A stock in the top six cities crossed 750 million square feet, with 40 million new square feet completed in 2023 alone. Every 10,000 square feet of premium office space typically absorbs 28 metal, glass, or hybrid doors for meeting rooms and emergency exits. Meanwhile, the hospitality pipeline lists 29,200 branded keys under construction, translating to more than 320,000 customized door leafs, jambs, and smart locks. When these indicators blend with a real GDP print above US$ 3.5 trillion, the India market stands at a structurally robust inflection point, poised to compound through 2025 and beyond. Key Findings in India Door Market Market Forecast (2033) US$ 1,934.56 Million CAGR 6.74% By Product Type Interior Doors (63.24%) By Material Type Wood (41.80%) By Wood Species Teak (26.59%) By Wood Type Hardware (68.40%) By Wood Door Type Flush Doors (40.92%) By Mechanism Standard Doors (47.55%) By Application Residential (70.60%) By Distribution Channel B2B (54.01%) Top Drivers Rapid urbanization and infrastructure development boosting construction activities nationwide. Government housing initiatives adding over 50 million homes by 2025. Rising demand for eco-friendly and energy-efficient door solutions. Top Trends Adoption of smart door technology growing at 30% annually. Increased use of sustainable materials like WPC and recycled wood. Surge in renovation projects focusing on modern and decorative doors. Top Challenges Fluctuating raw material prices impacting production and profitability. Labor shortages creating a 20% gap in skilled workforce availability. High reliance on unorganized sector affecting quality and standardization. Urban Housing Push Spurs Engineered Wood and uPVC Door Adoption By mid-2024, 60 percent of newly approved residential projects in Mumbai, Bengaluru, and Pune specify engineered-wood or uPVC frames, replacing traditional teak that once dominated the India door market. Developers cite three advantages: engineered substrates weigh 35 kilograms less per standard leaf, reduce installation time by nearly two man-hours, and meet updated IS 4020 cyclic-slam thresholds. The shift is evident at India's largest integrated township, Palava City, where 28,000 apartments now feature laminated HDF-skin doors with melamine edges. Vendors such as Century Ply's Nesta and Greenpanel's Club Plus lines reported six-week wait-lists in the March 2024 quarter. Cost optimization also plays a pivotal role. While hardwood prices on the Chennai timber exchange crossed US$ 1,400 per cubic meter in January, uPVC extrusion pellets hovered near US$ 1,050 per ton, letting fabricators bundle multi-point locking systems without inflating unit prices. The Bureau of Indian Standards revised IS 14648 to allow co-extrusions with recycled PVC content up to seventy parts per hundred, an update applauded by sustainability-focused buyers in the India door market. Chartered architects now issue performance-based specifications—35 STC acoustic ratings and 0.28 W/m²·K thermal transmittance—that engineered-wood and uPVC doors satisfy more efficiently than unprocessed timber. Tier-II Construction Boom Elevates Steel Security Door Penetration Rates Sharply Outside the megacities, Tier-II hubs such as Indore, Coimbatore, and Bhubaneswar each sanctioned more than 40,000 housing units under smart-city blueprints. These buyers, wary of burglary insurance claims, increasingly favor steel security solutions, positioning the India door market for a sharp mix shift. Dealers in Coimbatore report monthly throughput of 2,600 galvanized-steel doors, up from 1,100 units in 2022, with 80 percent carrying integrated peepholes and four-bolt deadlocks. Brands like Tata Pravesh now operate 340 neighborhood showrooms, leveraging steel-service centers to customize 0.8-millimeter skins within seventy-two hours. Tier-II customers display heightened price sensitivity yet refuse to compromise on aesthetics. Manufacturers introduced transfer-printed wood-grain finishes that simulate teak patterns at 650 DPI, a feature that pushed female purchasing influence to 54 percent in recent dealer surveys. Insurance firms, including HDFC ERGO, now offer a 15-basis-point premium discount for residences fitted with double-sheet steel doors certified under IS 15926, creating a virtuous purchasing incentive. Given that Tier-II and Tier-III cities together account for almost half of ongoing residential launches, this sub-segment will remain the single biggest volume accelerator within the India door market through the decade's end. Renovation Wave Fuels Premium Interior Door Hardware Innovations Across Segments India's condominium stock reached an average age of eighteen years in 2024, triggering a widespread mid-life refurbishment wave. Home-improvement specialists such as Livspace executed 14,000 renovation projects last fiscal year, each encompassing at least five internal doors. This cap-ex cycle favors premium hardware—soft-close hinges, concealed closers, IoT-enabled levers—that adds barely two percent to project cost yet delivers a pronounced user-experience upgrade. Häfele's Silent-Motion hinge records closing noise at 38 decibels, well below the 55-decibel multifamily threshold, making it a standout differentiator in the India door market. Professional installers confirm a surge in demand for matte-black or champagne-gold PVD finishes, nudging suppliers to set up local coating lines. Dormakaba responded by doubling its Mahindra World City plant's PVD capacity to 180,000 sets annually in February 2024. Simultaneously, the Decentralized Smart Locking Protocol gained adoption in 12,400 serviced-apartment doors, allowing residents to grant time-bound access via blockchain wallets. Such sophistication shifts competition from mere leaf materials to holistic systems, reinforcing the solution-centric evolution of the India door market. After-market spend per door has already climbed to roughly US$ 54, encouraging hardware OEMs to expand domestic R&D benches. Green Building Codes Accelerate Demand For Recyclable Composite Door Panels With the Indian Green Building Council targeting one billion certified square feet by 2025, sustainability metrics extend beyond HVAC and glazing. Door assemblies must now submit Environmental Product Declarations during GRIHA and LEED assessments, pushing the India door market toward composite cores made of rice-husk, PET flakes, and magnesium-oxide boards. Hyderabad-based Ecoste shipped 1.6 million hollow-core WPC panels in 2023, diverting 9,500 tons of plastic from landfills. Moreover, July 2024's extended-producer-responsibility amendment obliges large door makers to recollect 30,000 tons of packaging material annually. Energy performance is equally critical. CBRI-Roorkee tests show a 45-millimeter PET-foam panel achieving a U-value of 0.24 W/m²·K while weighing twelve kilograms less than solid sal wood. Builders pursuing net-zero campuses such as Infosys Mysuru Phase 3 specify composite doors with EPDM gaskets and double-rebate frames. To service demand, HIL commissioned a continuous-lamination line in Balasore that outputs 11,000 panels daily. Sustainability is no longer a CSR checkbox; it is a contractual prerequisite steering science, supply chains, and capital expenditure across the India door market. E-commerce and Omni-channel Retail Transform Door Distribution Landscapes Everywhere Rapidly Five years ago, buying a main door online sounded implausible. Yet by April 2024, digital channels captured 280,000 door transactions, chiefly DIY interior models under forty kilograms shipped via surface express. Major marketplaces like Amazon's 'Smart Living' aisle let users filter SKUs by jamb width, leaf thickness, and fire rating, compressing the once-opaque quotation process. Manufacturers run 'click-and-collect' modules where consumers configure online but pick up at nearby dealers, preserving last-mile relationships within the India door market. QR-enabled experiential stores are also proliferating. Godrej Interio's Bengaluru flagship dedicates a 2,500-square-foot Door Studio where customers test slam resistance with a calibrated 50-kilogram pendulum while an AR overlay projects veneer species onto live video. Data feeds back to CRM systems, triggering accessory cross-sell emails. Modular knock-down packing now shrinks carton dimensions by 35 percent, allowing 220 doors to fit into a standard forty-foot container—up from 160 earlier. This supply-chain agility cements omni-channel retail as an indispensable engine for the India door market across both B2B and B2C cohorts. Competitive Landscape: Domestic Giants Face Modular Import Disruption Headwinds Ahead The competitive arena of the India door market remains fragmented; the top five organized players together operate fewer than 3,200 exclusive showrooms. Yet 2024 witnessed a surge in modular-door imports from Vietnam and Malaysia via the ASEAN-India corridor. Chennai port data lists 1,840 TEUs of knock-down engineered doors cleared in Q1 2024, each container averaging 1,100 units and landing nearly US$ 18 cheaper per leaf than comparable domestic HDF doors—even after antidumping duties. Domestic incumbents are countering with capacity expansions and strategic JVs. Century Plyboards commissioned a third pre-hung line in Punjab rated at two doors per minute and allied with ASSA ABLOY to bundle Yale smart locks at factory level. Start-ups like Magik Doors use robotic edge-banders to turn out 500 customized pieces daily for premium towers. Three private-equity rounds totaling US$ 94 million have closed over eight months, underscoring confidence in defending share. By marrying volume scale with digitally assisted customization, the India door market can neutralize import pressures and tap export corridors into Africa and West Asia. Outlook To 2033: Technology Policy and Design Converge On Doors Over the next 9 years, three vectors will redefine the India door market. First, building codes tighten: the forthcoming National Building Code amendment mandates minimum thirty-minute fire resistance for all apartment entry doors, accelerating adoption of intumescent seals and multi-material cores. Second, digitization matures: Wi-Fi 6-enabled locks with on-board edge-AI analytics are set to reach 1.2 million households by 2027. Third, circularity imperatives intensify: Europe's Carbon Border Adjustment Mechanism will nudge Indian mills to certify embodied carbon below 310 kilograms per door set, reshaping raw-material choices. Opportunity is projected to favor firms integrating materials science, IoT firmware, and design thinking into holistic ecosystems. R&D alliances between plywood majors and semiconductor fabs are already targeting low-power Bluetooth modules embedded within stile cavities. Moreover, a Production-Linked Incentive scheme under discussion could subsidize automated composite presses and smart-lock lines, unlocking capital outlays worth roughly US$ 620 million. By synchronizing regulatory compliance, digital user experience, and eco-metrics, the India door market will graduate from commodity hardware to technology-rich solutions. Stakeholders aligning with this trajectory today are poised to capture outsized value as architectural vocabulary, consumer expectations, and global competitiveness are completely rewritten. Want to Deep-Dive into the Data? Schedule a Personalized Walkthrough with Our Analyst: India Door Market Major Players: ASSA ABLOY AB Beautex Century Plyboards D. S. Doors India dormakaba Group Durian Industries Duroplast Extrusions Fenesta Building Systems Geeta Aluminum Company Green Ply Hifab Aluminum Pvt. Ltd Inter IKEA Systems B.V. Kalco Alu-systems KONE India Lumani Schuco Mahavir Aluminum Reynaers Aluminum Sapa Building System Shakti Hormann Tata Pravesh Welltech Systems Other Prominent Players Key Segmentation: By Product Type Interior Doors Exterior Doors By Material Wood Engineered Wood Metal Glass Plastic Composite By Wood Species Walnut Oak Teak Sheesham (Rosewood) Mahogany Ebony Sal Deodar Pine Fir Red Wood Cedar Others (mango, bamboo) By Wood Type Hardwood Softwood By Wood Door Type Solid Wood doors Flush Doors Panel Doors Others By Application Residential Commercial Healthcare Retail and Offices Education Hospitality Others By Mechanism Standard Doors Folding Doors Overhead Doors Sliding Doors Swinging Doors Others By Distribution Channel B2B B2C Still Have Questions? Contact Us for Clarification or a Custom Data Request: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
St. Jude Children's Hospital's fundraising arm selects new CEO in midst of global expansion
St. Jude Children's Research Hospital's fundraising organization, ALSAC, promoted Ike Anand Tuesday to become its new president and chief executive officer. The leadership change comes as ALSAC -- which raised more than $2.5 billion for the Memphis-based hospital in 2024, according to tax filings – navigates a global expansion and an increasingly complicated funding landscape in the United States. 'My role is to make sure that ALSAC is able to deliver on its promises to St. Jude so that St. Jude can continue to dream big,' said Anand, who had been ALSAC's chief operating officer since 2020. 'And ALSAC has a lot of initiatives in the pipeline to make sure that that happens.' Dr. Frederick M. Azar, chairman of ALSAC's board of directors, said Anand had been instrumental in redefining the organization's strategic direction, including its six-year $12.9 billion plan to provide pediatric cancer cures and treatments globally, and will help it continue to grow. 'Throughout his tenure, Ike has demonstrated visionary leadership and an unwavering commitment to the St. Jude mission,' Azar said in a statement. For Anand, who spent 15 years at travel tech firm Expedia Group and the rest of his career at other for-profit businesses, heading a nonprofit, even one as large and influential as ALSAC, was not an early life goal. But the COVID-19 pandemic and its impact on his family and friends changed that. 'I was hunting to do something that makes me feel valuable and purpose-driven in this world,' Anand said. 'And what I found, it was the perfect match.' At Expedia, he learned the importance of data, nurturing customer relationships, and managing teams around the world – experiences he says helps at ALSAC. 'We have a culture here now of testing and learning, getting better at what we do and ultimately understanding that we're not really competing against anybody else,' he said. 'We are trying to be better at what we do.' One area where Anand has drawn attention is incorporating artificial intelligence into ALSAC's fundraising. Its initiative of using AI to help guide its communications with donors has influenced multiple programs in philanthropy. Anand is quick to point out that ALSAC does not use donors' specific data to communicate to them individually, but does use aggregated data to make decisions about what information may interest certain types of donors. 'For us, it is really, really vital that the consumers have trust in us and that they see us valuing their privacy, that they see us valuing their information and using it in the right manner,' he said. 'And so we're really careful about it.' Health care policy changes from President Donald Trump's administration may impact rural hospitals and increase the need for St. Jude's services, which include free treatment for children with cancer. However, Anand says that St. Jude and ALSAC see it as their mission to care for all 400,000 children around the world diagnosed with cancer, so the changes do not really change their focus. 'Our mission is a unifying mission," he said. 'We are not a political organization. I think everybody agrees that saving children is one of the most important things we can do as humanity.' Marlo Thomas, National Outreach Director for St. Jude and daughter of the late entertainer and philanthropist Danny Thomas who founded ALSAC and St. Jude, said that goal has remained the same. 'When my father founded St. Jude with a dream that no child should die in the dawn of life, he meant no child anywhere,' she said in a statement. 'Ike Anand is the perfect person to carry that dream forward and help continue to expand our mission globally." ____ Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP's philanthropy coverage, visit
Yahoo
an hour ago
- Yahoo
St. Jude Children's Hospital's fundraising arm selects new CEO in midst of global expansion
St. Jude Children's Research Hospital's fundraising organization, ALSAC, promoted Ike Anand Tuesday to become its new president and chief executive officer. The leadership change comes as ALSAC -- which raised more than $2.5 billion for the Memphis-based hospital in 2024, according to tax filings – navigates a global expansion and an increasingly complicated funding landscape in the United States. 'My role is to make sure that ALSAC is able to deliver on its promises to St. Jude so that St. Jude can continue to dream big,' said Anand, who had been ALSAC's chief operating officer since 2020. 'And ALSAC has a lot of initiatives in the pipeline to make sure that that happens.' Dr. Frederick M. Azar, chairman of ALSAC's board of directors, said Anand had been instrumental in redefining the organization's strategic direction, including its six-year $12.9 billion plan to provide pediatric cancer cures and treatments globally, and will help it continue to grow. 'Throughout his tenure, Ike has demonstrated visionary leadership and an unwavering commitment to the St. Jude mission,' Azar said in a statement. For Anand, who spent 15 years at travel tech firm Expedia Group and the rest of his career at other for-profit businesses, heading a nonprofit, even one as large and influential as ALSAC, was not an early life goal. But the COVID-19 pandemic and its impact on his family and friends changed that. 'I was hunting to do something that makes me feel valuable and purpose-driven in this world,' Anand said. 'And what I found, it was the perfect match.' At Expedia, he learned the importance of data, nurturing customer relationships, and managing teams around the world – experiences he says helps at ALSAC. 'We have a culture here now of testing and learning, getting better at what we do and ultimately understanding that we're not really competing against anybody else,' he said. 'We are trying to be better at what we do.' One area where Anand has drawn attention is incorporating artificial intelligence into ALSAC's fundraising. Its initiative of using AI to help guide its communications with donors has influenced multiple programs in philanthropy. Anand is quick to point out that ALSAC does not use donors' specific data to communicate to them individually, but does use aggregated data to make decisions about what information may interest certain types of donors. 'For us, it is really, really vital that the consumers have trust in us and that they see us valuing their privacy, that they see us valuing their information and using it in the right manner,' he said. 'And so we're really careful about it.' Health care policy changes from President Donald Trump's administration may impact rural hospitals and increase the need for St. Jude's services, which include free treatment for children with cancer. However, Anand says that St. Jude and ALSAC see it as their mission to care for all 400,000 children around the world diagnosed with cancer, so the changes do not really change their focus. 'Our mission is a unifying mission," he said. 'We are not a political organization. I think everybody agrees that saving children is one of the most important things we can do as humanity.' Marlo Thomas, National Outreach Director for St. Jude and daughter of the late entertainer and philanthropist Danny Thomas who founded ALSAC and St. Jude, said that goal has remained the same. 'When my father founded St. Jude with a dream that no child should die in the dawn of life, he meant no child anywhere,' she said in a statement. 'Ike Anand is the perfect person to carry that dream forward and help continue to expand our mission globally." ____ Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP's philanthropy coverage, visit Glenn Gamboa, The Associated Press
