ICICI Securities: Morbi Ceramic Tracker - Monthly Exports Cross Rs 10 Billion In October Again!
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.