Recent ruling by the National Green Tribunal (NGT), Delhi bench to shut down all ceramic units at Morbi and Wankaner in Gujarat that run on coal gasifier is a positive development for organised home decor players, analysts say.
Besides, ongoing structural changes including stricter implementation of the E-Way Bill, recovery in rural demand in the wake of a good monsoon and the government focus on affordable housing, too, augur well for the industry.
The NGT on March 6 ordered shutdown of coal gasifiers at Morbi and Wankaner ceramic cluster to curb pollution. While this move is expected to cause major