Cement Marketing in FY16
India is the second largest cement manufacturer in the world after China with an installed capacity of 390 Million Tonnes. Indian cement marketing is under the grip of a huge gap between demand and supply and could register single digit growth figures for now 5 years in a row. This year's scenario as projected by experts put the growth figures at a dismal rate of 1% to 3%.
However, the scene is all set to change in FY17 and hence cement earning projections for the period FY15-17 in terms of CAGR (Compound Annual Growth Rate) is to be in the range of 24%.
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