Indian cement industry – growth, development and future perspective
India’s cement industry is a prominent part of its economy, employing in excess of a million people, directly or indirectly, throughout the country. The vibrant Indian cement industry has in the last three decades shown a remarkable seventeen-fold growth since 1980, when its installed capacity was a mere 24 million t, thanks to bold liberalization policies initiated by the government. Today, over 209 large plants with a capacity of 410 million t spread across the country and production of 270 million t/a play an important and key role in the economic progress of the country.
1 Overview
The cement industry in India continues to be the second largest producer in the world, which is about 7 % of the annual global cement production today. While the global economic scenario remained challenging with economic growth hovering around 3.4 %, Indian economic growth maintained 7.3 %. The government’s focus on concrete road projects, housing for all by 2022, make in India, creation of 100 smart cities, dedicated freight corridors, Swachh Bharat Abhiyan (Clean India mission), connectivity improvement including water transport will bring the required boost in infrastructure...
