Cement is a versatile and essential building material used in any modern construction. It is a durable binder for structures that holds coarse aggregates like sand, gravel, and steel. While other building materials have been invented, cement remains an irreplaceable and critical part of construction due to its high strength and durability.
India is the second-largest cement producer globally, and in 2020, cement production in the country amounted to nearly 340 million metric tons. Private companies dominate the Indian cement industry; Ultratech Cement Limited is one of the leading Indian cement producers recognized globally. As of 2020, the company had an installed capacity of over 117 metric tons per year.
The cement industry has attracted huge investments from local and foreign investors, owing to attractive profit margins and growing demand. Between 2000 and 2019, the construction sector received nine percent of total foreign direct investments in India.
Cement manufacturing is a highly energy-intensive process, and coal has traditionally been the fuel of choice for cement industries due to its abundance and availability. Because of this and difficulties in transportation over long distances, cement is a regional commodity in most parts of India.
The housing and real estate sectors account for nearly 55 percent of cement consumption in India. Thus, higher government spending on infrastructure and housing is a key growth driver for this industry. Infrastructure development initiatives such as 'Housing for all by 2022' and 'Smart Cities Mission' are heavily dependent on the cement industry's growth. There is a lot of potential for developing infrastructure and construction projects in India; additionally, the local availability of raw materials for cement production like limestone and coal aids the cement sector.
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