(MENAFNEditorial) With the government's thrust on infrastructure and housing, cement demand is expected to boost in the country, says RNCOS
Indian cement industry has witnessed the trends such as capacity additions, mergers and acquisitions, in the past few years. The second largest cement market industry in terms of both, production and consumption has had investment by the existing players such as JSW Cement, Emami Cement etc. The cement industry is driven majorly by Housing and Infrastructure sector due to factors such as urban housing on softening of interest rates, renewed focus of the government on infrastructure etc., as per RNCOS analysis.
The housing segment and infrastructure segment is likely to be driving the demand of cement in the country said, Shushmul Maheshwari, CEO RNCOS. He further added increased allocation to infrastructure projects in union budget 2017-18 will act as a catalyst in the industry.
According to RNCOS, the cement production stood at 283.5 Million Tonnes in FY2016 with an estimated installation capacity of around 400 Million Tonnes. The production and consumption of cement industry in the country is dominated by southern part of India with the largest concentration of plants in the states of Andhra Pradesh, Rajasthan, and Tamil Nadu.
The Indian government is undertaking various initiatives for the development of cement sector in the country. For instance, the government has allocated a budget of INR 3.96 Lakh Crore to the infrastructure sector. Furthermore, adoption of cement instead of bitumen for the construction of all new road projects government has also announced owing to durability and affordability of cement as compared to bitumen.
The year 2016 witnessed the biggest mergers and acquisition deals with Lafarge selling its business to Nirma, Ultra cement acquiring Jaypee group followed by JSW Cement holding around 35% stake in Shiva Cement. However, with the rising presence of small & mid-size cement players, the market concentration of industry leaders is expected to diminish in the future resulting in a more competitive environment.
With more than a decade of experience in cement industry, RNCOS can act as a potential growth partner in all your business endeavors, be it product launching, geographic expansion, sales improvement, distributor/retailer tie-ups etc. We help make your business flourish by studying the market dynamics, collating with you business and devising the right strategies.
Download the white paper from this link: http://rncos.viewpage.co/India-Cement-Industry
Check Related REPORTS on: http://www.rncos.com/Other-Industry.htm
ABOUT RNCOS
RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.
Contact Information
Name: Shushmul Maheshwari Company: RNCOS E-Services Pvt. Ltd.
Telphone: 24700-24700-04224700 , 24700-1204224700
Address: G-199,
Sector-63 Email:
MENAFN2812201700703206ID1096281918
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.