Cement Demand to Grow by 7% in FY16
Rating agency ICRA has stated that they envisage the Indian cement industry to show a cement demand growth of 7% for the FY16. Currentlt the capacity utilization of the cement industry is around 72%. The report projects a cement capacity utilization of 77%.
Recovery in infrastructure, investment cycle, overall economy, better than expected monsoons, a stable central government, and optimistic econmic outlook are the key factors that lead to the projected cement demand figures.
Sabyasachi Majumdar, senior vice president, ICRA outlines the key factors of poor demand for cement in FY15 and Q1 of FY16.
Read more articles on cement demand growth here.
Cement Demand
Cement Industry Growth
Rating agency ICRA has stated that they envisage the Indian cement industry to show a cement demand growth of 7% for the FY16. Currentlt the capacity utilization of the cement industry is around 72%. The report projects a cement capacity utilization of 77%.
Recovery in infrastructure, investment cycle, overall economy, better than expected monsoons, a stable central government, and optimistic econmic outlook are the key factors that lead to the projected cement demand figures.
Sabyasachi Majumdar, senior vice president, ICRA outlines the key factors of poor demand for cement in FY15 and Q1 of FY16.
Read more articles on cement demand growth here.
Cement Demand
Cement Industry Growth
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