Indian government notes signs of cement sector recovery
The Indian government has noted a recovery in the cement sector and announced adjustments to the excise duty in its Union Budget 2012-13.
While presenting the Union Budget 2012-13 (April-March) in parliament, Pranab Mukherjee, Minister of Finance said: "Data of last quarter of 2011-12, suggests that the economy is now turning around. There are signs of recovery in coal, fertilisers, cement and electricity sectors. These are core sectors that have an impact on the entire economy. Indian manufacturing appears to be on the cusp of a revival."