Cement variety, development and trade status in India
Cement industry growth is proportional to the economy of a country. A booming economy leads to a higher level of construction activity. Cement is an important component while undertaking a construction task. It provides the necessary strength to the building structures. India is the second- largest producer of cement in the world. As of the year 2019, the country accounted for over 8% of the global installed capacity. Cement production has reached a mammoth 329 million tons in FY 2020. It is expected to grow further to 381 million tons in FY 2022. India’s cement industry is primarily dominated by a few companies. In fact, the top 20 company accounts for almost 70% of total cement production in the country. 210 large cement plants account for an installed capacity of over 410 million tons. Majority of the large cement plants are located in the state of Rajasthan, Andhra Pradesh and Tamil Nadu. Cement sale in India is approximated at ₹58, 407 crores in FY2020. Cement manufactu...