Research Article | Open Access
Cement Industry – Transformation from Concrete to Green
Sushma Singh, Urvashi Shrivastava
Pages: 8840-8844
Abstract
The cement industry, a highly competitive, interms of infrastructure development and boosting investment is witnessing technological advancement at one end and cost control measures on the other. The construction business depends most on it and is the worlds second most used material. China being the world leader, Indian cement industry claims position ahead of United States and Japan. Cement Production accounts for an increase in 2022 of 12.1% since 2021. The favourable announcements made in union budget expects a steep rise in the estimated consumption. Year 2000 to 2022 has marked a remarkable increase in FDI inflows of cement and gypsum products, of approximately US$ 5.49 billion . The Indian cement companies are amongst the world’s greenest cement manufacturers. The present study tries to explore the growth prospects of the Industry.
Keywords
Cement Industry, capacity, growth, demand