India Diamond Tools Industry Market Analysis Report(Part 1)

By | 03/06/2019

First let’s look at two sets of official Indian data:
On June 8, 2017, the Hindustan Times reported that Prime Minister Modi announced on the 7th that India’s receipt of foreign direct investment (FDI) increased from approximately $34.5 billion in 2013 to $61.7 billion.

On June 21, 2017, the Modi government announced that in 2017, the Indian government will spend 61.46 billion US dollars to build infrastructure projects in India.

Judging from the above information, India is currently studying China’s reform and opening up and engaging in economic construction. This has brought us great business opportunities and also brought severe challenges.

Business:
This 61.46 billion US dollars of infrastructure construction includes roads, railway construction, bridge construction, airport construction, dock construction, power station construction, affordable housing construction, school construction, hospital construction, etc., many of which use stone and Concrete and asphalt bring huge business opportunities to our stone processing tools, concrete and asphalt cutting tools.

From the point of view of the stone industry, India is not only a foreign country but also a big stone country. At present, many varieties of granite that are familiar to the domestic market come from India, British brown, Indian red, black sand and so on.

India has a wealth of stone resources. For all kinds of building materials, India is one of the largest reserves, such as granite, marble, sandstone, limestone, slate, quartz, etc., distributed throughout the country. They come in a variety of colors, patterns, different characteristics, physical and chemical properties, and are suitable for different purposes.

Taj Mahal, typical marble building

Red Fort, typical sandstone building

At present, India has developed into a major stone producing country with production and processing of large plates, floor panels, structural panels, and some equipment for installing and fixing plates, monuments, tombstones, sculptures, cultural relics, pebbles, curbs and garden stones. .

India is also the world’s largest producer of stone raw materials. In the northwest, Rajasthan and Gujarat are particularly developed. In addition to many well-known stone raw material processing enterprises, and in this area, there are many manufacturers of stone machinery and diamond tools in India. The Indian stone industry is booming.

From traditional stone buildings to natural stone used in modern buildings, India’s domestic consumption has exceeded US$1.25 billion annually, and its exports exceed the world total of 27%, ranking third in the world in terms of exports. India’s stone production accounts for 10% of the international market. The main countries for natural stone exports are: the United States, Italy, Taiwan, Japan, Germany and China. Mining activities are spread throughout the country and their mining activities depend on the geology of each region. In the south of India, there are generally siliceous stones, while in the northwest, there are sandstones and travertines containing calcium and sediment. According to StoneofIndia, Indian granite and granite products account for about 20% of the world’s resources. Unexplored granite is estimated at more than 1.69 billion hectares, unmined marble is estimated to be about 1.2 billion hectares, unmined sandstone is estimated at about 1 billion hectares, and slate stock is estimated at about 500 million hectares. These stones are all need our diamond tools for initial processing and deep processing, which is a great business opportunity for us.

To be continued, please see the next article

http://www.chinadiatools.com/index.php/cdt-article/2019/india-diamond-tools-industry-market-analysis-report-part-2/

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