Cement production volume in India FY 2008-2021

The production of cement in India started in 1889 by a company based in Kolkata. In the early nineteenth century, the industry started taking an organized stance and is currently, the second largest producer of cement worldwide after China. The production volume of cement across the south Asian country was estimated at about 381 million metric tons in financial year 2022. The sector encompasses a total of over 450 small and large cement plants.

Supply and demand of cement in India

Within India, the maximum demand was created by the housing sector, with a share of 55 percent during financial year 2021. The increased demand was a consequence of the government setting up an Affordable Housing fund under the National Housing Bank, which helped the citizens get credits to buy homes. Outside the nation, Nepal was the leading destination for cement clinker exports in 2019, with over 2.4 million metric tons of estimated exports.

Building together

To meet the increasing domestic and international cement demands, Indian cement companies started to sign joint ventures. In 2017, the number of mergers and acquisitions in the cement and building sector amounted to 14 deals. Due to its possibilities in composition in addition to be a binder, cement is a very precious commodity.