* India's cement production reached 374.55 million tonnes in FY23, a growth rate of 6.83% year-on-year (yoy).
* Indian cement demand is projected to grow by 6-7% in FY25, following a strong 7-8% YoY growth in the last quarter of FY24. Despite a pricing downturn due to increased competition, average cement prices declined by around 1.5% in FY24.
* Government schemes like the Pradhan Mantri Awas Yojana (PMAY) for affordable housing and PM Gati Shakti National Master Plan for infrastructure are driving cement demand. PM Gati Shakti's focus on transport networks and PMAY's expansion will further increase cement consumption in coming years.
* Oligopoly market, where large players have partial pricing control.
* Low threat from substitutes.
* Indian cement companies are amongst the world’s greenest cement manufacturers.
*India's top four cement companies—UltraTech, ACC-Ambuja, Shree Cement, and Dalmia Cement—are set to add over 42 million tonnes of capacity in FY25, increasing their market share from 48% in FY23 to an expected 54% by FY26.
*FDI inflows in the industry, related to the manufacturing of cement and gypsum products, reached Rs. 5.08 lakh crore (US$ 6.10 billion) between April 2000-December 2023.
* National Infrastructure Pipeline (NIP) introduced projects worth US$ 14.59 billion (Rs. 102 lakh crore) for the next five years.
Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...
In the era of Amrit-Kaal, India is positioning itself to play a crucial rol...
India has recently announced that it is targeting net zero emissions by 207...
The banking industry affects us in ways that we might not be aware of. By s...