India is currently the fastest growing economy in the world
and a strategic partner for the EU, representing a sizable and dynamic market
of 1.25 billion people. For these reasons, the EU and India are committed to
further a Free Trade Agreement.
At the present time several companies export the following
stone quarry products to the EU countries: Indian Slate Stone, Indian Granite, Limestone,
Indian Sandstone, Indian Quartzite, Indian Marble and Veneer & Mosaics.
India has been known for many years for its stone industry
and it is one of the biggest exporters of natural stone in the world. It is the second largest foreign exchange
earner for India besides iron ore in minerals category.
The majority of factories are in Tamil Nadu. The main markets
are the EU is the UK, Germany and France. China has emerged as the largest
player in stone industry surpassing even Italy form the first position. Other countries
with a threat to the Indian industry besides China are East European countries,
like Poland, Romania, Hungary and South Africa and the latest Vietnam.
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