Indian cement prices likely to remain stable

Indian cement prices likely to remain stable
Published: 03 December 2007

The Government of India expects cement prices to remain stable in the medium term as a result of capacity addition by the industry coupled with a liberal import policy. The cement industry has expanded its capacity to 177 million tonnes by 2006-2007 and is expected to add another 100 million tonnes of capacity by 2011- 2012. Total cement production in India is estimated at 155.66 million tonnes in 2006-2007.