Delhi, India (PressExposure) February 06, 2009 -- According to our new research report, âIndian Cement Industry Forecast to 2012â, high spending on infrastructure projects and growing demand for housing units will fuel the Indian cement industry. Despite the gloomy outlook for the world economy, cement dispatches have witnessed impressive growth of 11.2% and 12.1% in November and December 2008 respectively over the same period last year.
The Indian government has considered to spend more than US$ 500 Billion on infrastructure in the 11th Five Year Plan. This plan includes building road infrastructure which will require 75 Million Metric Tons of cement and power infrastructure that demands around 45 Million Metric Tons of cement. Apart from this, railways, urban infrastructure, ports, airports, IT & ITES sector, organized retailing, shopping malls and multiplexes will be the main sectors driving the demand of cement in the country, says the report.
Besides this, the housing sector is also one of the key drivers for the cement industry and accounts for more than 55% of total cement demand. To further boost the housing demand in the country, many nationalized banks have reduced there interest rates on housing loans. As a result, the number of houses constructed is expected to increase from 3.6 Million in 2007 to 6 Million units by 2011. This concrete growth in the housing sector will lead to huge cement demand in the country.
âIndian Cement Industry Forecast to 2012â provides in-depth analysis of the present status and future prospects of the Indian cement industry. It thoroughly studies the industry with the focus on various parameters, like production, installed capacity, consumption and trade. This report will help the clients to get strategic insight into the industry to evaluate the potential opportunities in the Indian cement industry.
The research also features forecast on vital aspects of the industry, including global cement production, India cement production, cement production capacity, cement consumption, cement demand by sector, coal demand and demand of housing units in the country.
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