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Booming Real Estate Business Pushes Indian Cement Industry Upwards
Remarkable growth has been observed in the cement industry in India, with reasons being the growth in real estate activities and boom in the development of infrastructure.
The seventy years old cement industry in India is ranked 2nd in the world. The industry is fragmented, with its top 5 players making up for about half of the installed capacity of around 150 Million tons. While small players hold the balance in this industry. With the growth in real estate activities and boom in the development of infrastructure, cement industry is on a roll in India.
According to a survey conducted by Assocham’s Industry body said that an average growth of ninety-five percent was registered by the cement manufacturing companies in Q1 2006. An upsurge of 32 percent in the sales volume was witnessed by the key cement producing companies due to the strong demand in western as well as northern regions.
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