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Srikakulam Granite exports hit by recession

Srikakulam Granite famous for its blue granite is hit by recession and its exports have been reduced by 50%. Many of granite companies like Madhucon Granites, Sterling Stones are into exports and they say unless some incentives are announced, survival will be difficult. State government is charging royalty from Rs.750 to  Rs.2250 per cu.meter of different varieties of granite. Over 150 color varieties and 40 road varieties of of granite is mined in Tekkali region of Srikakulam district.

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