North India’s cement market waits for recovery
Published by Joseph Green,
Editor
World Cement,
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
Read the article online at: https://www.worldcement.com/asia-pacific-rim/30062015/north-india-cement-market-waits-recovery-83/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Responsible Capacity Growth, Powered by Your Data
As demand rises with urbanisation, manufacturers must meet growth targets while advancing 2030 and 2050 decarbonisation goals. AI Optimisation (AIO) technology is empowering teams with AI expertise to transform operations and accelerate their journey toward a smarter, more sustainable future.
