CEMENT SECTOR THRIVES AMID INFRASTRUCTURE BOOM

Cement is a versatile and essential building material used in the construction industry and is a durable binder for structures that holds coarse aggregates like sand, gravel, and steel.

- RAJIV KAPOOR

While other building materials have been invented, cement remains an irreplaceable and critical part of construction due to its high strength and durability.

India is the second largest producer of cement in the world accounting for more than 8% of the global installed capacity. The tremendous development in the infrastructure and construction sector in the country is expected to largely benefit the cement sector.

The Indian Government has also approved investment schemes and initiatives in the previous Union Budget by approving an outlay of Rs 2.7 lakh crores for the Ministry of Road Transport and Highways. Similarly, under the housing for all segments, the budget estimate for Pradhan Mantri Awas Yojana is Rs 79,590 crores. Other government initiatives are the expansion of projects in the National Infrastructure Pipeline, the Gati Shakti National Master Plan for multimodal transport network, and the Urban Rejuvenation Mission: AMRUT and Smart Cities Mission and Swachh Bharat Mission.