Date: February 6 –9, 2020
Venue: Bangalore, India
Organizer: Federation of Indian Granite & Stone Industry (FIGSI)
Stona 2018 Details:
Net Area: 60000 Sq. Meters
Gross Area: 31000 Sq. Meters
Participants: 650 companies
Foreign Participants: 225 companies
Countries with Pavilions: China, Turkey, Italy
Other Countries: Ukraine, Greece, Portugal, Spain, Tunisia, Brazil, Germany, Morocco, Oman
Number of Halls: 5
Based on the programs planned in India, it is expected to replace the UK as the world’s 5th largest economy by 2020, just like it surpassed France in 2018.
India has a significant economic growth rate of 7 to 7.5 percent. Currently many people predict construction activities to improve but this would still need the banks’ balances to reach zero. The demand for natural stone will still be good but it is not predicted to reach the level of China. In general, companies that sell to the domestic market will continue to grow with stability. New stone industry in southern India? This is old news. We expect to hear more about newly established quartz plants as time passes, and a new branch of modern granite is expected to be demonstrated in Rajasthan.
The state of India’s decorative stone in 2019
Bangalore and its surrounding cities (southern Indian cities) known as NCR still have the highest market share of decorative stone sales. The policy to reduce the value added tax from 28% to 18% has returned activity to the stone market. Since the change in stone block importing policy of India, it imported 2.5 million tons of stone in the 12 months of 2018. Stone industry in Rajasthan has started some positive trends, albeit not as much as southern India. The focus was mostly on granite before, but marble and sandstone mines have opened for business recently and are marketing now. Currently and in 2018 most of the stone sales in India has been domestic and Indian companies have not been much interested in exports. The driver of stone industry in India right now is domestic market and the Bangalore fair in southern India will be above expectation and bigger that the one this year.
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