ACC expects Indian demand to increase by 7% in 2018

India’s ACC expects the country’s cement demands to grow by seven per cent this year, assisted by infrastructure projects and the continued focus on rural development and affordable housing schemes.

However, intense competition and insufficient consumption will lead to excess capacity, according to the producer.

"The cement industry had a growth of six per cent in 2017 as against 5.1 per cent in the previous year. Around 66 per cent of its demand came from the housing sector, followed by infra with 18 per cent and 16 per cent by commercial sectors," said an ACC official.