Cement industry in India

India is the second-largest producer of cement in the world, accounting for more than 7% of the global installed capacity.

Advantage India

Robust
Demand

* India's cement production reached 374.55 million tonnes in FY23, a growth rate of 6.83% year-on-year (yoy).

* As per Crisil Ratings, the Indian cement industry is likely to add ~80 million tonnes (MT) capacity by FY24, the highest since the last 10 years, driven by increasing spending on housing and infrastructure activities.

Robust Demand Icon

Attractive
Opportunities

*In October 2021, Prime Minister, Mr. Narendra Modi, launched the ‘PM Gati Shakti - National Master Plan (NMP)’ for multimodal connectivity. Gati Shakti will bring synergy to create a world-class, seamless multimodal transport network in India. This will boost the demand for cement in the future.

Attractive Opportunities

Long-term
Potential

* Oligopoly market, where large players have partial pricing control.

* Low threat from substitutes.

* Indian cement companies are amongst the world’s greenest cement manufacturers.

* With high allocation under the Union Budget 2023-24 for infrastructure, affordable housing schemes and road projects to fuel the economy, the domestic cement industry is poised for a volume surge.

Long-Term Potential

Increasing
Investments

* FDI inflows in the industry, related to the manufacturing of cement and gypsum products, reached US$ 5.50 billion between April 2000-September 2023.

* National Infrastructure Pipeline (NIP) introduced projects worth Rs. 102 lakh crore (US$ 14.59 billion) for the next five years.

Increasing Investments
Last updated: Feb, 2024

Cement Clusters

  • Rajasthan
  • Tamil Nadu
  • Andhra Pradesh
  • Madhya Pradesh
  • Chhattisgarh
  • Odisha
Cement Clusters in India

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