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ICICI Securities Report
Morbi’s ceramic tile exports continue unabated with October 2020 crossing the Rs 10 billion mark for the third successive month this fiscal. This is largely attributed to -
1. resilience in exports to Gulf Cooperation Council countries despite the differential anti-dumping duty imposed by GCC on India and China in June 2020;
2. impressive opening up of the U.S. market with monthly exports now touching Rs 1 billion for the second successive month;
3. exports to UK and Europe gaining strong traction; and
4. exponential growth in exports to niche markets like South Africa, Thailand and Indonesia.
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