FY25 Cement Demand Expected to Grow 5-7%: Report
10 May 2024
2 Min Read
CW Team
According to a report by India Ratings and Research (Ind-Ra), cement demand is projected to grow by 5-7% in the fiscal year 2024-25. This forecast comes amid robust growth in infrastructure development, signalling positive momentum in the construction sector.
The anticipated increase in cement demand reflects the ongoing expansion and modernization of India's infrastructure, driven by government initiatives and private sector investments. With a focus on building roads, bridges, housing, and other key infrastructure projects, the construction sector continues to drive demand for cement across the country.
Ind-Ra's report highlights the crucial role of the construction industry in driving economic growth and job creation. As infrastructure development remains a top priority for India, the demand for cement is expected to remain strong in the coming years, supporting the growth trajectory of the construction sector.
Moreover, factors such as urbanisation, population growth, and rising disposable incomes are also expected to contribute to the steady increase in cement demand. These demographic and socio-economic trends further underline the long-term growth potential of the construction industry in India.
The forecasted growth in cement demand presents opportunities for cement manufacturers to expand their capacities and strengthen their market positions. By investing in advanced technologies, sustainable practices, and efficient supply chain management, cement companies can capitalise on the growing demand and contribute to the nation's infrastructure development agenda.
In conclusion, the Ind-Ra report's optimistic outlook on cement demand underscores the positive growth prospects of the construction sector in India. With continued government support and private sector investments, the industry is well-positioned to drive sustainable economic development and infrastructure growth in the years to come.
According to a report by India Ratings and Research (Ind-Ra), cement demand is projected to grow by 5-7% in the fiscal year 2024-25. This forecast comes amid robust growth in infrastructure development, signalling positive momentum in the construction sector.
The anticipated increase in cement demand reflects the ongoing expansion and modernization of India's infrastructure, driven by government initiatives and private sector investments. With a focus on building roads, bridges, housing, and other key infrastructure projects, the construction sector continues to drive demand for cement across the country.
Ind-Ra's report highlights the crucial role of the construction industry in driving economic growth and job creation. As infrastructure development remains a top priority for India, the demand for cement is expected to remain strong in the coming years, supporting the growth trajectory of the construction sector.
Moreover, factors such as urbanisation, population growth, and rising disposable incomes are also expected to contribute to the steady increase in cement demand. These demographic and socio-economic trends further underline the long-term growth potential of the construction industry in India.
The forecasted growth in cement demand presents opportunities for cement manufacturers to expand their capacities and strengthen their market positions. By investing in advanced technologies, sustainable practices, and efficient supply chain management, cement companies can capitalise on the growing demand and contribute to the nation's infrastructure development agenda.
In conclusion, the Ind-Ra report's optimistic outlook on cement demand underscores the positive growth prospects of the construction sector in India. With continued government support and private sector investments, the industry is well-positioned to drive sustainable economic development and infrastructure growth in the years to come.
Next Story
South West Pinnacle Wins Rs 30 Cr Oman Mining Contract
South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman鈥檚 investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle鈥檚 growing footprint in international exploration and mining services.
..
Next Story
Godrej GEG Boosts Intralogistics with AI and Green Tech
Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20鈥�25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..
Next Story
Amit Shah Inaugurates Key Projects Across Gujarat
Union 亚博体育官网首页 Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat鈥檚 Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state.
..