Cement industry to grow at about 7% in FY17: report

New Delhi: The Indian cement industry is expected to grow at 6-7 per cent in FY 2017-18, supported by increased demand on account of heavy focus on Infrastructure development by the Government of India, according to Heidelberg Cement India. Increased focus and spending on agriculture, infrastructure, affordable housing and cement concrete roads would be major contributors to the rise in demand. Government initiatives like smart cities and urban infrastructure development along with the implementation of Goods and Services Tax (GST) would bring major growth opportunities to the sector.

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