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Housing, infra to boost cement demand in 2014-15

August 12: Housing and infrastructure spending is likely to push up India’s cement demand in 2014-15 said various cement companies.

According to ULtraTech Cement Limited, a major cement manufacturer, cement demand may have a double digit growth in the second half of 2014-15.

“Cement demand is slated to grow around 7-8%, with expected double digit growth in the second half of the current fiscal. The key value drivers will be renewed government focus on housing and infrastructure spending,” said a company statement.

Ambuja Cements said although the macro-economic conditions remain challenging, construction activity is expected to pick up considering favourable announcement in the Union Budget for infrastructure and housing.

Birla Corporation Limited, another cement major, observed that, “With plans for dedicated freight corridors, airports, low-cost housing schemes, ports and construction of concrete roads, cement manufacturers are anticipating a demand boost.”