Why India's tiles and marble industry isn't worried about the Red Sea crisis
India's tiles and marble industry remains optimistic about growth despite Red Sea shipping disruptions and rising fuel costs. Strong domestic demand from the residential real estate sector is helping manufacturers offset global supply chain challenges.
Why it matters
This demonstrates the resilience of India's construction sector and its ability to decouple domestic growth from international geopolitical volatility.
India's tiles and marble industry is expected to maintain its growth momentum despite rising freight costs and supply chain disruptions triggered by geopolitical tensions in the Middle East, with strong demand from the country's housing and construction sectors providing a cushion, according to industry stakeholders.The positive outlook comes as India's residential real estate market continues to record healthy growth, even as the ongoing conflict in the Middle East and disruptions in the Red Sea shipping corridor have pushed up shipping costs, increased transit times and raised marine insurance premiums.Ceramic manufacturers, particularly those in Gujarat's Morbi manufacturing hub, have also faced higher fuel costs and disruptions in the supply of imported propane and liquefied petroleum gas (LPG), which are widely used in production.However, industry players believe India's expanding domestic manufacturing capabilities and sustained real estate demand will help offset the impact of global supply chain challenges.Strong housing market supports demandAccording to…
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