HomeBrand UpdatesAsian Granito aims exports business of Rs 400 crore

Asian Granito aims exports business of Rs 400 crore

Asian Granito India Limited (AGIL), one of the leading manufacturers of tiles, expects to clock export business of around Rs. 350 – 400 crore in the current fiscal of FY21-22 and also aims to expand its business network in over 120 countries from 100 currently. During the previous financial year, the company reported a consolidated export sales of Rs. 216 crore. For the three months ended June 2021, company reported consolidated exports of Rs. 53.19 crore despite covid, freight cost rise and container availability challenges.

Mr. Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd said, “Despite challenges of COVID, demand from international markets have remained very strong and injected fresh blood in the Indian ceramic industry. Exports during the past three months have seen considerable jump and are constantly increasing due to the ongoing spat between the USA and China. All larger players in the industry are currently working at a capacity of 80-85% due to robust export orders from USA, Europe, UK and Middle East markets. All plants of Asian Granito are currently working at 95% plus capacity utilization.”

Globally, India ranks 2nd and produces 12.90% of the global ceramic tiles output. Increased duties on Chinese tiles have further made Indian tile products more competitive in the World markets. Together with recent developments globally, share of India in the global trade is likely to improve considerably. USA has imposed anti-dumping duty of upto 356% and anti-subsidy duties of upto 358.8% on Chinese ceramic tiles products.

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