Moneycontrol
HomeNewsBusinessRs 6,000-crore Sivakasi fireworks industry eyes China-dominated global market
Trending Topics

Rs 6,000-crore Sivakasi fireworks industry eyes China-dominated global market

Industry players based in the city want to make inroads in the global export market, where China holds the edge with an annual turnover of Rs 26,000 crore, says a report.

October 25, 2022 / 20:43 IST
Story continues below Advertisement
The Sivakasi firecracker industry has rapidly switched to green firecrackers (Representative image: Reuters)

Sivakasi, the city in Tamil Nadu which is synonymous with the country's green firecracker industry, is now targeting the global market which is dominated by Chinese players.

According to experts, the size of Sivakasi's fireworks industry is approximately Rs 6,000 crore, and is poised for further growth due to its rapid adoption of environmental-friendly standards.

Story continues below Advertisement

Industry players based in the city want to make inroads in the global export market, where China holds the edge with an annual turnover of Rs 26,000 crore, says an Indo-Asian News Service report.

"The American and European markets are looking at us like the industry used to look at China 20 years ago," the news agency quoted S Maheswaran of Standard Fireworks, a top firecracker brand in Sivakasi, as saying.