ICICI Securities: Morbi Ceramic Tracker - Monthly Exports Cross Rs 10 Billion In October Again! 
An employee arranges tiles before packing into the boxes at a production facility (Photographer: Asim Hafeez/Bloomberg)

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:

ICICI Securities Morbi Ceramic Tracker.pdf

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