Cement Industry At An All-new High

By Author: rashmi upadhyay
Total Articles: 9
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There was never a better time for the cement industry in India. Although, this is one industry that has always been known to be a support industry and therefore considered critical. However, the progress has been relatively slow.

This scene has changed dramatically in the last two decades, and there has been a massive impetus in the industry. In fact, there are many new manufacturers that have entered the fray to meet the massive demand for cement in India.

There are various factors that have given rise to this demand and the subsequent progress of the cement industry in India:

Rise in urbanization: for many decades, vast areas of the country have been rural. However all this is now changing. Houses even in rural areas are now adopting modern construction techniques. This is resulting in high demand for construction inputs.

Migration and population growth: Due to ever increasing population, there is a high demand for civic amenities. Houses, offices and commercial complexes are coming up in a big way. This is also due to the thousands of people migrating to big cities for better income and growth. ...
... Slowly and steadily these people become permanent citizens and require housing. This factor also provides a boost to the cement industry.

Rising income levels: When people have better affordability, they not only require bigger houses but also more houses. This provides a direct boost to the housing sector that is the biggest consumer of cement industry. Multi-stored apartments are being developed at a fast pace not only in metros but even in smaller cities now. People today wish to own more than one house to make use of real estate appreciation.

Better infrastructure: Today the citizens demand better infrastructure from the government. This creates pressure on the civic administration to create more roads, highways and other facilities for public welfare. And civic projects typically have a high demand for inputs such as cement and concrete.

The above factors have helped greatly in helping the cement industry to progress at a high pace and clock good profits. Many new players in the market have obtained benefit of this rising demand.

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