Today the stalwarts of Morbi Ceramic Industry had a informal meeting and decided to stop production (shut-down) for the entire month of November. So most of factories will not produce tiles between 1st November to 30th November 2015.
Aparently this seems to be a bold decision considering the very sluggish market the industry has witnessed since more then a year now. But this is also one of the few reason the industry has decided to shut productions for a full 1 month.
As informed by few members appeared during the meet the shut down will create an artificial demand for morbi tiles in Indian market and hence the factories will become vaible to product huge stocks of tiles.
Another reson being because of the new factories which came up in last one year has started to offer tiles are unbelievable low prices which is not good for the overall health of industry. To curbe this practice this bold decision was necessory.
Morbi Ceramic Industry is the first media to cover this news. Please stay connected to remain updated with latest happenings of the Indian tiles industry.