They lay the foundation for a sturdy base. Thats probably why the Indian tiles industry has so far weathered the slowdown in the economy, as it has been able to maintain a growth of 15 per cent per annum in the last few years. Investments in the last five years have aggregated over Rs 5,000 crore.
During the last two decades, the Indian Ceramic Tile Industry (ICTI) has recorded phenomenal growth in product profile, geographical spread and value-added products. India is the third largest consumer of tiles in the world, accounting for about 6.25 per cent of global ceramic tile consumption in CY2014.