Project report for Stone Cutting and Polishing Unit

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Introduction

India possesses a wide spectrum of dimensional stones that include granite, marble, sandstone limestone, slate, and quartzite, in various parts of the country. The Indian stone industry has evolved into the production and manufacturing of blocks, flooring slabs, structural slabs, monuments, tomb stones, sculptures, cobbles, pebbles and landscape garden stones. The stones will be procured from quarries and undertake polishing in the unit. Polished stones are abundantly used in floorings, kitchen slabs, toilets etc. Slabs of various length and breadth are cut in to required sizes and polished into high polishing machine with sand or emery materials as well as water as local lubricants for polishing. The first polishing machine for rough polishing and second one for smooth polishing. There is no specific quality specification prescribed by any institutions. With the growth in the construction industry in the country in general and the State in particular, there has been a growth in the usage of flooring tiles made of stone. This is all the more pronounced by the fact that usage of stones like granite, marble, cudappah are increasingly finding acceptance as flooring materials in the country. The use of granite and other decorative stones has been increasing world over. India is endowed with vast deposits of these natural resources and is therefore, in a position to meet not only the domestic need but also to greatly enhance export. Besides, there is scope for substantial generation of employment opportunities in rural and backward areas. Granite is the hardest compact structural stone which is quarried and dressed into blocks of desired size and shapes, and is amenable to slicing and polishing. There is good scope for granite-marble cutting & polishing unit. Any entrepreneur can well venture in this business.

Market potential & Strategy

The Stone Market is forecast to reach INR 243000 Crores by 2025, after growing at a CAGR of 3.55% during 2020-2025. The Stone is expected to grow at a significant rate due to its utilization in residential and commercial flooring and wall cladding, owing to its durability, hardness, and aesthetic appearance. Natural stone is a mineral obtained in the mountains, consisting of quartzite, slate, calcareous, sandstone, marble, granite and others. The Floor covering are likely to gain high market demand owing to owing to increase in residential construction activities and urbanization. The common natural stone flooring includes slate, marble, limestone, granite and sandstone.  There are many aesthetic and practical reasons to choose natural stone for flooring. Unlike any other building material, the natural stone's mountain-born qualities will help give living spaces a clear and everlasting link to the natural world. Stone tiles are clean, environmentally friendly, non-polluting products. The rising urban middle-class populations would need far more accommodation which are increasing the demand for construction of new residential and non-residential buildings. Furthermore, increasing requirement to construct institutional buildings for the education and healthcare purpose will drive the market in the coming years.

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