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INDIAN CERAMIC TILES INDUSTRY THRIVES LOCALLY BUT STRUGGLES IN EXPORTS: ICRA
The Business Guardian
|October 24, 2024
The Indian ceramic tiles industry finds itself at a critical juncture, as a recent report by ICRA reveals contrasting trends in the domestic and export markets.
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While the domestic sector remains strong, accounting for around 64 per cent of the industry's revenue, exports are showing signs of weakness. This decline follows investigations initiated by the US Department of Commerce in May 2024 into ceramic tile imports from India, raising concerns about the future of exports in a highly competitive global market.
The industry's export prospects are further threatened by a proposed anti-dumping duty (ADD) by the United States, which could disrupt export growth in the coming fiscal year.
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