India production estimated to rise 13.3%

India production estimated to rise 13.3%
Published: 21 July 2009

India’s cement production is estimated to rise 13.3 per cent in FY10 to 212.38Mt, junior trade minister Jyotiraditya Scindia told parliament in a written reply on Monday.

He also said output could further rise to 236.16Mt in FY11 and touch 262.61Mt in FY12.

India’s cement production in FY09 grew 7.5 per cent to 187.42Mt, a government data showed. While the economy expanded only at 6.7 per cent as high interest rates and then a global downturn hit most of the industries.

Cement production in June grew 13.01 per cent YoY to 16.59Mt, according to the Cement Manufacturers’ Association, as growing demand from rural sector and upcoming infrastructure projects have prompted cement firms to keep raising output.

Scindia said cement firms have plans to expand capacity by 60-70Mt in the next three years.

He also said the country was not importing cement in huge quantities. India’s cement production capacity at the beginning of the current fiscal year stood at 219.17Mt, according to the Cement Manufacturers’ Association.