The cement industry is India’s ultimate sunshine industry. Up until the 1980s, it was not growing phenomenally. Now it is. After cement was decontrolled in 1989, the industry took off — its growth rate far outstripping that of the country’s gross domestic product.
In terms of production capacity, it has grown almost two-and-a-half times — from 61 million tonnes in 1989-90 to 157.5 in 2003-2004. And going by projections put out by the Planning Commission’s Working Group on Cement, by 2006-07, annual capacity will exceed 200 million tonnes. With a boom in infrastructure, housing and industry, the Indian cement industry can realistically look forward to being the fastest growing industry in the world.