The Indian cement industry is the second largest producer in the world comprising of 183 large cement plants and 360 mini cement plants. The production of cement increased at a CAGR of 10.0 per cent over FY07-11. Production is expected to reach 247 MT in FY12 as per the Eleventh Five Year Plan.
The Housing segment accounts for a major portion of the total domestic demand for cement in India. Between 2010 and 2014, demand for housing units is estimated to be 4.3 million, leading to a higher demand for cement for home building.
The Government has approved a package of fiscal incentives and other concessions for the North East Region, namely the North East Industrial and Investment Policy, 2007, effective from April 1, 2007.
The major policy and fiscal initiatives are expected to catalyze infrastructure and industrial development in the region, spurring the demand for cement.