Webinar discusses cement demand, sustainability, technology
Cement is a typically cyclical sector that has weathered many an economic storm. And with the world reeling under the Covid-19, everyone is waiting and watching how the sector will react. India is the second largest producer of cement in the world and the second largest consumer (next to China in both cases). The sector plays a significant part in the growth story of Indian economy, providing employment to over a million people, directly or indirectly. And over the past few years, it has witnessed a lot of consolidation: Today, the top 20 cement companies account for almost 70% of the total cement production in the country. The long term growth prospects for the sector are strong, considering India’s focus on infrastructure development, rapid urbanisation and rural housing.