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India is the second-largest producer of cement around the world says independent research.
No wonder, the Indian cement industry has attracted huge investors, both from Indian as well as the foreign experts.India has a lot of potential for developing the infrastructure and construction sector and the cement sector is expected to largely benefit from it.
Due to some of the recent major initiatives such as the development of smart cities, it is expected to provide a major boost to the sector.Top business magazine, Insights Success also covered the cement industry analysis in their digital magazine.Recently, several foreign players have invested in the country & expected to be the contributor to major developments in the country aided by suitable government foreign initiatives.
Its consumption is expected to grow by five percent in the financial year of 2019 supported by a pick-up in the housing segment and higher infrastructure spending.
Currently, the industry is planning to produce three hundred megatons in order to meet its domestic demand and five megatons for exports requirement.The Indian cement industry is currently dominated by certain companies.
With four hundred small plants accounting for the rest, a total of two hundred large cement plants account for a cumulative installed capacity of over four hundred million tonnes.
