The Indian state of Gujarat plans to treble its cement production capacity in 3-5 years. Proposals have been invited from cement companies like ACC, ABG, Ambuja Cement, Emami , Indiabulls, Adani group, Ultratech and L&T and the state hopes to raise its capacity from 20Mt to 70Mt.
The state will host the biennial Vibrant Gujarat Global Summit in January 2011 and a government official said cement sector could see investment proposals worth Rs 60,000 crore.
Gujarat has 12,000Mt of reserves of limestone, the mineral used as raw material for manufacturing cement. Leveraging on this natural resource, the department of industries and mines had recently asked for specific plans from the companies willing to invest in the sector.
"We will make Gujarat cement capital of India by adding 50Mt of capacity in next five years," said Saurabh Patel, minister of state for Industries and Mines during a conference organised by Industrial Extention Bureau (iNDEXTb), the investment promotion agency of Gujarat and industry body Confederation of Indian Industries (CII). With annual capacity of 20Mt Gujarat ranks fourth in the country in terms of cement production.