Morbi exporters resume Gulf shipments, but FY27 exports may shrink by 40%
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Morbi ceramic exporters resumed Gulf shipments via the Strait of Hormuz, but the industry faces a tough road ahead.
- ✓Exports may fall 40 per cent to ₹12,000 crore in FY27.
- ✓"In place of 200 containers, we have started getting 20," said Bhavesh Varmora, as many local units remain shut.
Story at a Glance
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- MARKET
- Reported By
- Business Line
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Tentative resumption of Gulf shipments via Strait of Hormuz offers limited relief as nearly 40% of units remain shut
Morbi-based ceramic exporters are beginning to find their way back to the Gulf as shipments through the Strait of Hormuz gradually resume, but the recovery comes amid a deepening crisis for the industry, with exports projected to fall 40 per cent to around ₹12,000 crore in FY27 and nearly 40 per cent of the ceramic hub's units still shut.
Varmora Granito Ltd, one of the prominent tile manufacturers in the Morbi cluster, dispatched 18-20 containers to the UAE and Iraq last week, marking a tentative return to a trade route that had become difficult to access amid shipping disruptions and a shortage of containers. "Earlier, no containers were available. Now, in place of 200 containers, we have started getting 20," Bhavesh Varmora, Chairman and Managing Director of Varmora Granito, told businessline. Some shipping lines have resumed services through the Strait of Hormuz as the geopolitical situation has eased, he said.
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