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After facing a crushing recession the ceramic industry now expects relief in the next budget of 2024

As the international natural gas prices are low, now the ceramic industry is hoping for a relief in natural gas prices.

The year 2023 has proved to be a tough year for the ceramic industry of Morbi, which produces the largest number of tiles in India and is the leading exporter of tiles to most countries. Nobat came. There was a relief in exports, but the domestic market was destroyed due to the continuous increase in national gas prices and the increase in the container rent, which broke the chain of the ceramic industry, now the ceramic industry is hoping for relief from the government in the next budget.

Mukeshbhai Kundaria, president of Morbi Ceramic Association, said that the year 2023 has been very tough and tough for the entire ceramic industry, in which the domestic market has been very weak. Because of this, small 150 units which could not bear losses due to the thin margin period remained closed. However, the level of exports was maintained. So production continued in more than 700 units. Due to the impact of the recession in the domestic market, the businessmen had to do business on a profit-and-loss basis. Exports for the whole year were estimated at Rs.18 thousand crores. The ceramic industry was hit hard last year by a six-month recession and a 20 percent rise in natural gas prices over the year.

Mukeshbhai Kundaria said that because the prices of natural gas are low in the international market, now the ceramic industry will get relief in the prices of natural gas and there is a hope of a 15 percent reduction in the prices of natural gas. So if the price of gas decreases, there is a hope of bright opportunities in exports and the domestic market can also be covered. When in the next budget, an international-level testing lab for very good quality tiles in the ceramic industry. CRI Pipelines for infrastructure workers to drink clean water for development, special package for gas, if natural gas is included in GST, six percent VAT is levied on gas, and industrialists are exempted from that tax, if Saudi Arabia, Oman are included in FTA to export more to the international market. He said that the ceramic industry will get an export opportunity in countries including