Don't miss this sector ( Complete overview )
The cement production is expected to increase by 10% to 12% and the utilization is expected around 65% in FY22 . As per ICRA, in FY22, cement production in India is expected to increase by 12% YoY, driven by rural housing demand and the government's strong focus on infrastructure development. INTRODUCTION India is the second largest producer of cement in the world. It accounts for more than 7% of the global installed capacity. India has a lot of potential for development in the infrastructure and construction sector and the cement sector is expected to largely benefit from it. Some of the recent initiatives, such as development of 98 smart cities, is expected to provide a major boost to the sector. Aided by suitable Government foreign policies, several foreign players such as Lafarge-Holcim, Heidelberg Cement, and Vicat have invested in the country in the recent past. A significant factor that aids the growth of this sector is the ready availability of raw materials for making ce