Pakistan licences renewed for exports to India
The Bureau of Indian Standards (BIS) has reissued certificates to local Pakistan cement exporters, allowing them to export to India.
They said that cement exports to the neighbouring country have witnessed a significant drop during the last fiscal year due to expiry of some local producers’ BIS certificates. “Although, exports to India were not completely halted, but a ray of hope has emerged for local cement producers as they are now allowed to export cement to India”, Furqan Punjani, an analyst told Daily Times. He said that with depressed cement exports in 9 MFY11 (down 14 per cent YoY), this is a sign of relief for local cement producers as they have started exporting cement to India.
“Thus, with all these new markets (India in this case) would create some enthusiasm for local producers in North, as ever-increasing construction activities in India would keep the grey cement demand alive for foreseeable future,” he said.
Published under Cement News
