Trends in Indian Cement Industry
India, ranking at the second place after China, is one of the leading manufacturers of cement globally. Development programs like “Housing for All by 2022” and many others are dependent upon the cement industry and relay the message that it is an integral part of our economy. The forecasted consumption of cement in the country in 2019 is about 23 MTPA (Million Tonnes per Annum) more than that of 2018. This increase in demand and the subsequent expected increase in manufacturing of cement will lead to an increase in the consumption of fuels and energy. Increasing Demand With new government policies aiming to ease the credit to homebuyers, the housing sector leads the current cement demand with 65%. Trailing behind are public infrastructure with 20% demand and housing and real estate with 15%. Cement Production Capacity Considering the increasing demand and the government’s willingness to complete their programs, the manufacturing of cement in India...