Kishangarh: Addressing entrepreneurs in the dimensional Stone industry, Rajasthan industries minister Rajpal Singh Shekhawat said that new technology and innovation is of paramount importance and if not adopted the sector will be left behind. In fact, he underlined it is the most important factor not only for prospering and but also for surviving.
“Constant upgradation in technology and adoption of newer techniques in mining, processing and value addition will play a major role in transforming the sector. In fact, it will lead to exponential growth,” said Shekhawat at 7th edition of Global Stone Technology Forum (GSTF) on Thursday.
Additional chief secretary industries, chairman, RIICO and CDOS, Rajeeva Swarup said in the current situation there is a huge competition to the Dimensional Stone sector by alternative products.
“To remain profitable and relevant in the face of this competition, GSTF will create credible awareness about new and innovative technologies in the dimensional stone sector,” added Swarup.
Rajasthan contributes more than 90% of the total production of marble, sandstone and Kota stone in the country. The sector was in a spot of bother after it was placed in the 28% GST slab. But subsequently, the GST council reduced the rates to 18%.
The event was organized by CDOS along with FICCI. Source : timesofindia