Government Projects Boosting the Indian Cement Market

Cement demand in the industry has witnessed the robust growth with the developments of the infrastructure segment in the country. There are several positive signs for the future of the cement industry as the Government of India has announced the ambitious growth oriented infrastructure projects which will definitely boost the cement demand in the country. Expecting such developments in the country, several players have invested in cement plant expansion to increase the cement production capacity, which will help the country to meet the increasing cement demand.

According to our report, ?Indian Cement Industry Outlook 2020?, India is the second-largest cement producing country in the world. The Cement Industry is hopeful that, with the considerable thrust and importance given by the Indian government in its Budget 2015-16 laying emphasis on the development of Cement Concrete National Highways, 100 Smart Cities, Urban and Rural Housing & Road Connectivity, Dedicated Freight Corridors, Industrial Corridors, etc. With their completion schedule progressive cement demand is expected for the industry.

Recently, due to increase in construction and infrastructure activities; the cement sector in India has seen many foreign investments and developments. Moreover, many key players have made a major investment to meet the increasing cement demand in near future. For instance, Ultra tech cement has charted out its next phase of Greenfield expansion after a period of aggressive acquisitions and has plans to set up two Greenfield grinding units in Bihar and West Bengal. Additionally, Birla Corporation, a part of the MP Birla Group, has acquired the assets of Reliance Infra. Tremendous growth is expected in the cement industry as per the 12th five year plan, the government of India plans to increase the investment in infrastructure to US$ 1 Trillion and increase the industry capacity by 150 Million Metric Tons. Further, in order to help the players in the industry, the government has been approving their investment schemes which results in proliferating cement market.

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