The Growth of Cement Industry in India

2 day(s) ago
URL: https://www.insightssuccess.in/the-growth-of-cement-industry-in-india/
Main Category: Business
Sub Category: Business Services
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India is the second-largest producer of cement around the world says independent research. The cement industries of India became a significant part of its economy in 1982 and granted employment to more than a million people, directly or indirectly. No wonder, the Indian cement industry has attracted the huge investors, both from Indian as well as the foreign experts.

India has a lot of potential for developing the infrastructure and construction sector and the cement sector is expected to largely benefit from it. Due to some of the recent major initiatives such as the development of smart cities, it is expected to provide a major boost to the sector.

Recently, several foreign players have invested in the country and expected to be the contributor to major developments in the country aided by suitable government foreign initiatives. The growth of this sector is predicated because of the ready availability of the raw materials for making cement such as limestone and coal (Furnace).

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