14th January, 2003
Ministry of Commerce & Industry  


INDIA A MAJOR EXPORTER OF NATURAL STONE AND GRANITE

FIRST EVER INDIAN MONUMENT STONE FAIR FROM JANUARY 23 TO HELP REINFORCE INDIA’S DOMINANT POSITION IN WORLD MARKET


The first Indian Monument Stone Fair is being organised by Indian Monument Manufacturers Association (IMMA) in Chennai from 23 to 26 January, 2003 – an organisation, which had spearheaded the fight against anti-dumping investigations by the European Union (EU) against import of Indian monuments into the EU region.

India is a major exporter of natural stone and granite, which is the second largest foreign exchange earner for India besides iron ore in minerals category. The export of granite in 2001-02 was around Rs. 2600 crore as against Rs. 2100 crore in the previous year. The share of granite monuments in total granite exports is around Rs. 800 crore. India is also the largest exporter of monuments and commenced as far back as 1935 when hand punched monuments were exported to UK. The EOU scheme, which was introduced in 1980, helped the industry to modernise as it opened a window to usher in latest technologies for stone processing. Over the last two decades Indian industry has modernised to global standards and Indian monuments are exported to about 15 countries in different granites, in different thickness and in different sculptured workmanship involving very delicate workmanship and such pieces are normally exported in containers from the factories. With its highly skilled manpower and stone technology, India has contributed to the world with many prestigious monument projects such as Holocaust Museum in Washington; Vietnam War Memorial in Washington; Hiroshima Atom Bomb Memorial in Japan; Stillborn Child Memorial in New Zealand; Heath Spa Memorial in the Black Forest of Germany; Sun Clock in Japan; and Apollo Disaster Memorial in USA.

Monuments are predominately made up of granite and the entire monument industry is based in Southern India. The majority of factories are in Tamil Nadu. The main markets are the EU (which includes UK, Germany and France), USA, Canada, Australia, New Zealand, Japan and Korea, which used to be the main buyers in the late eighties and in early nineties, China took over the market completely. Incidentally, China has emerged as the largest player in stone industry surpassing even Italy form the first position. With the threat to the Indian industry by China and few other East European countries, like Poland, Romania, Hungary and South Africa and the latest Vietnam, the Association have decided to strategically hold the exhibition and Fair to give India the focus which is very urgent and timely and will help to keep and maintain the image and the distinct identity of the Indian monuments and to reinforce the dominant position of India as the main supplier of highest quality of granite monuments in the world market.

This Exhibition is co-sponsored by CAPEXIL and other State Governments and will be visited by over hundred overseas visitors including participants. It will give a boost to the local industry and help it to upgrade itself besides getting fresh orders, offer opportunities for buyers and sellers of monuments, machinery’s accessories, tools and handling equipment etc., as also to display their wares and skills. The Fair is product-focussed on the needs and offerings of the monument industry at Chennai Trade centre, which is the largest and the most prestigious Modern Trade Fair Complex in Southern India with well over 7000 square meter of air-conditioned covered space and 15,000 square meter of outside space.

The Chief Minister of Tamil Nadu is expected to inaugurate the Indian Monument Stone Fair. Shri Arun Shourie, Minister for Disinvestment and Commerce & Industry, is scheduled to visit the Fair and address at the valedictory session.