Karnataka Unveils R&D Initiative to Revitalize Struggling Granite Industry

The Karnataka government has announced plans to establish a dedicated R&D center to boost its struggling granite mining sector. This move comes as the industry faces challenges including raw material shortages, regulatory hurdles, and competition from artificial materials. The state will offer a 10% incentive to companies transitioning their R&D operations to Karnataka, aiming to spur innovation and sustainable practices. This initiative coincides with STONA 2025, India's premier international stone fair, scheduled for February 12-15 in Bengaluru. The event will showcase India's natural stone heritage and address industry concerns, including the need for policy reforms like "One Nation One Mineral One Policy" to streamline regulations and enhance competitiveness.

Sources: Construction World, The Tribune India, Economic Times