There had been many requests to the central government to place the granite industry, which is largely located in South India, under the Open General License (OGL) list to facilitate smooth export and re-export granite.
Countries like China import natural stones like granite from several countries, including India and re-exports them in the international market at prices which the Indian stone industry cannot compete with. This largely affects the Indian granite industry.
In India, import of granite is not allowed. India leads in production of natural stones with 35,342 million tonnes (27.91 per cent share), followed by China (31,000 million tonnes - 23.48 per cent), but India lags behind when it comes to exports.
China exported 16 million tonnes of stone valued at $3.04 billion in 2012 as against India's export figures of about $600 million.
If the government is progressive, the granite industry in India will grow manifold in the days to come.