Indian production seen rising 10% this year

Indian production seen rising 10% this year
Published: 01 July 2010

Cement production this fiscal year looks set to see a 10 per cent rise, slightly higher than normal, and may touch 300Mt.
 
The growth rate may prevail for the next three to five years, Mr Sumit Banerjee, Chairman of CII’s Cement Industry Division said on Wednesday.
 
Housing, infrastructure projects and the nascent trend of concrete roads would continue to accelerate the consumption of cement.
 
The cement industry is pushing for increased use of cement in highway and road construction. Indian roads, at 3.3mkm, are the second largest network in the world.
 
The Ministry of Road Transport and Highways has planned to invest US$354bn in road infrastructure by 2012.
 
At a seminar on concrete roads organised by CII and State Public works Department on Wednesday, Mr Banerjee said concrete roads make financial and logical sense over the traditional bitumen, which is imported.