BUSINESS

Indian firms bag Rs 80 cr orders at German fair

Source:PTI
July 08, 2003 14:08 IST

The Indian natural stone companies, which participated in the recently concluded International Fair for Natural Stone Processing Technology - Stone-Tec - in Nuremberg, Germany, have received orders worth Rs 80 crore (Rs 800 million).

Nearly 52 natural stone companies, mostly from Rajasthan, Karnataka, Madhya Pradesh and Andhra Pradesh, had participated in the fair, an Indo-German Export Promotion Project statement said in New Delhi on Tuesday.

The Indian participation was organised by Capexil and the Centre for Development of Stones supported by UNIDO, Small Industries Development Organisation and IGEP.

India is the largest producer of natural stones in the world accounting for 30 per cent of the world's stone output.

The Indian stone industry has been growing steadily at an annual 10 per cent rate per year for the past few years.

India continues to be one of the few nations possessing a wide spectrum of dimensional stones including granite, marble, sandstone, limestone, slate and quartzite.

Source: PTI
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