600 Million Tonnes per annum (MTPA) by the year 2025
India is the second-largest producer of cement in the world. Ever since it was deregulated in 1982, the Indian cement industry has attracted huge investments, both from Indian as well as foreign investors.The cement industry employs about 20,000 people across downstream sectors for every million tonnes of cement produced.
India’s cement industry is a vital part of its economy, providing employment to more than a million people, directly or indirectly.India has a lot of potential for development in the infrastructure and construction sector and the cement sector is expected to largely benefit from it. Some of the recent initiatives, such as development of 98 smart cities, is expected to provide a major boost to the sector.
Aided by suitable Government foreign policies, several foreign players such as Lafarge-Holcim, Heidelberg Cement, and Vicat have invested in the country in the recent past. A significant factor which aids the growth of this sector is the ready availability of raw materials for making cement, such as limestone and coal.
According to data released by the (DIPP), cement and (FDI) worth US$ 5.28 billion between April 2000 and March 2018.
As per IBEF, cement production capacity stood at 502 million tonnes per year (MTPA). Capacity addition of 20 million tonnes per annum (MTPA) is expected in FY2019 to FY2021. The cement industry is expected to reach 550-600 Million Tonnes Per Annum (MTPA) by the year 2025.