India’s largest cluster of ceramic tile makers, Morbi is set to witness a flurry of new units, mainly for manufacturing wall tiles, thanks to growing demand in both domestic and international markets. As many as 50 new units, most of them wall tile making facilities, are going to be set up in 10 months. A fresh investment of up to Rs 1,500 crore is expected to be made for these units, say industry players. The rush to set up new units in Morbi could be seen from the fact that over a dozen industrial entrepreneur’s memorandum (IEMs) have been filed with the department of industrial policy and promotion, under the Union ministry of commerce, in the last three months. All these IEMs are for establishing ceramic units in Morbi.“At present, Morbi has 640 tile manufacturing units and 100 sanitaryware facilities. Of this, 400 are wall tile plants,” said sources aware of the situation.
Source : ET Realty