Iran stone news agency ,marble and granite export industry was growing by 5-10 percent annually, it faced severe shortcomings in the financial year 2014, as there was less production due to Indian exports drop by 15%.
A rising demand for long-term stone quarries lease extension for 30-50 years by the Federation of Indian Granite and Stone Industry (FIGSI).
Natural stone exports touched $2.2 billion (INR 14,000 crore) in 2016.
A growing demand for a cutback in royalties for matching global rates.
A reduction in the Goods and Service Tax (GST) from 28% to 18% by the union government.
The future of Indian granite export market seems quite promising, although there would be more and more competition in the market. Thus, survival of granite manufacturers, suppliers and exporters is supposedly going to be tougher in the coming years.
However, the ever-growing competition would undoubtedly bring hordes of advantages to international granite importers/buyers. This is because for survival, major industry players will put their best to retain existing customers and explore new markets/customers; be it by offering much better granite product quality at much competitive prices and highly dedicated pre- and post sales service.