According to a recently released report, North India's cement market is only predicted to make a full recovery by FY2017-18 due to a demand revival in the infrastructure sector.
According to the report North India consumed 79 million t or 31% of India's cement consumption in 2014/15.
The report details how the increasing importance of regional manufacturers in the market has resulted in price wars. Prices in north India stand at 35% lower than south India.
Regional market players accounted for a 51% capacity share in 2014-15 opposed to 45% in 2006-07.
Due to a number of reasons North India is facing growth challenges.
It has projected that North India will be a key beneficiary of the infrastructure ramp up in India, given a majority share in large infrastructure projects.
Edited from source by Joseph Green. Source: Economic Times