Mr HM Bangur president of Cement Manufacturers’ Association on the sidelines of a conference said that “The demand for cement has not come down. However, it remains to be seen what infrastructure policies are pursued after a new government takes over.”
Mr Bangur said if the country’s GDP grows at 7%, the cement industry is expected to expand by 9% to 10%.
He said that “About realty sector, when we say housing, we think about urban housing and real estate developers as the face of the industry. But they constitute only 5% of the cement demand. In rural and semi-urban areas, where land is comparatively cheaper, construction activity has picked up.”
Mr Bangur said although government had taken up new initiatives on infrastructure, they are still inadequate.
