01-01-1970 12:00 AM | Source: Dion Global Solutions Ltd
Cement demand in India likely to grow by 7% : ACC
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Cement maker ACC has said that cement demand in India is expected to grow by 7 per cent this year. The cement maker added that but intense competition and not enough consumption will lead to excess capacity. The demand will grow in 2018, helped by the Centre's push on big infrastructure projects and continued focus on rural development and affordable housing schemes.

Commenting on the issue, an ACC Official told the media, "Consequently, the demand for cement in 2018 is expected to increase from 6 per cent to 7 per cent." “The cement industry had a growth of 6 per cent in 2017 as against 5.1 per cent in the previous year. Around 66 per cent of its demand came from the housing sector, followed by infra with 18 per cent and 16 per cent by commercial sectors,” he added. The total installed capacity of the cement industry in India is around 465 million tonnes (MT), ACC said.