India loses granite market to Brazil

Closing of quarries affects India's granite export market

With fifty quarries remaining closed in Tamil Nadu, India seems to have lost its position on the granite export market, to Brazil, reports Deccan Chronicle.  

ÔÇ£Madurai region is the granite hub for the entire Indian granite industry as the region produces 25 colours of granites and now with the production being suspended due to several factors, India has lost its market to BrazilÔÇØ, said K. Subbha Reddy, vice president, Federation of Indian Granites and Stone Association.

With court cases and denial of permission for mining causing quarries to be closed, the state has been losing a revenue of Rs 4,000 crore per year. In the past four years, the country has lost more than Rs 10,000 crore revenue. If the situation persists the country will lose its global position also to China and Dubai, besides other Asian players, warn industry sources.