India's housing boom cushions tiles industry against West Asia supply disruptions
New Delhi, July 26 -- Strong housing demand and a robust construction pipeline are expected to keep India's tiles and marble industry on a growth path despite higher freight costs and supply-chain disruptions caused by geopolitical tensions in West Asia, according to industry stakeholders.
The optimism comes as India's residential real estate market continues to witness healthy momentum.
The positive demand outlook comes even as the ongoing conflict in West Asia and disruptions in the Red Sea shipping corridor have increased freight rates, extended transit times and raised marine insurance costs.
Ceramic manufacturers, particularly those in Gujarat's Morbi cluster, have also been impacted by higher fuel costs and disruptions in the sup...
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