Cheer For The Cement Industry

Infrastructure Plans To Bring Cheer To The Cement Industry

In a recent interview, Transport and Shipping Minister Nitin Gadkari has promised to add two percentage points to India’s economic growth within the next two years. A great deal of development projects are stalled by land and environmental disputes. Road projects most of which are cement based roads, worth more than US$9 billion are among these stalled projects, tied up in red tape.

By March 2016, he goes on to say, he has plans to be building roads at a rate of more than 30 km per day. In the next three years, he wants to complete US$75 billion of infrastructure projects. Of interest to the cement industry is his statement, “We have now decided to make all roads of cement and concrete". If the progress on India’s infrastructure projects meets Gadkari’s projection, it will be good news for the cement industry, which is facing a slowdown in the most recent results released, with the exception of south-based cement companies who have put on a better show on account of better cement market prices and cement production discipline.