ACC Ltd expects demand to stay on course in 2018

ACC Limited expects demand for cement in India to stay on course in the coming year. In its outlook for 2018, the company stated how the plans by the Government of India to boost economic growth and develop 100 smart cities will provide increased construction activity.

“[The Government of India] plans to increase investment in infrastructure, as well as expand the capacity of railways and the facilities for handling and storage to ease the transportation of cement and reduce transportation costs,” said Neeraj Akhoury, Managing Director & CEO of ACC Ltd.

Alongside this, Mr Akhoury commented on the positive status of the Indian cement industry in general.

“India is the second largest producer of cement in the world and we anticipate that the growth of the industry will mirror overall economic growth,” he said.