On the back of further impetus to the housing for all scheme, the smart cities and Swachh Bharat Abhiyan (open-defecation free) drive, the cement industry is pegged for visible increased volume growths in the third quarter of the next fiscal, according to industry reports.
Currently, the cement industry is witnessing a close to 6 percent volume growth. Nearly 60 – 65 percent of demand for cement in India is driven by the housing segment. The 2018 Budget, according to experts, is going to drive the demand in the segment to 5.5 million tonnes in the coming year, fuelling a 7 – 8 percent volume growth for the cement industry.
Cement majors in the country expressed confidence that the 2018 Budget would mark a turn around of demand cycles and help boost revenues.