Morbi takes major ICCTAS role - October 25th (page 2)

The appointment of Girishbhai Pethapara at the helm of ICCTAS comes as a recognition of the growing strength and the contribution of the Gujarat manufacturers towards the overall growth of the Indian ceramic tile industry. More than 70% of the Indian tile companies are now based in the State with over 200 companies in the region. At present, these companies are making huge investments in terms of upgrading their manufacturing units as well as towards capacity expansions. It is estimated that investments in the Gujarat cluster over the last three years have been greater than 15,000m. Rupees, with more to come.
Speaking on his key role, the newly chairman said;
“As Chairman of ICCTAS, my priority would be to accelerate demand generation for ceramic tiles in the country. The Indian ceramic tile industry has been growing a healthy rate of 12-15% annually, however, the growth in local capacities have been far exceeding the industry growth rate leading to huge over-capacities prevailing in the market. At the current industry growth rate, it would take more than three years for the market to absorb these capacities. Our key steps to accelerate demand generation will be critical so that this capacity absorption is faster.”

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