2023, Vol. 4, Issue 1, Part C
Building a solid foundation: The growth story of India's cement industry
Abstract: The history and development of the cement industry in India showcase a remarkable journey of growth, innovation, and contribution to the nation's infrastructure development. The industry started in 1914 with the establishment of the first cement plant in Chennai. Over the years, it witnessed steady expansion, consolidation, and modernization. The formation of Associated Cement Companies Ltd. (ACC) in 1936 marked a significant milestone, leading to the emergence of a large-scale cement industry in India. Government regulations, including the Cement Control Order, shaped the industry in the early years. The industry faced challenges related to raw material availability, energy costs, infrastructure bottlenecks, and government regulations. However, it overcame these obstacles through resilience, technological advancements, and market adaptability. Today, India is the second-largest cement producer globally, with a significant presence in both domestic and international markets. The future prospects for the industry remain positive, driven by infrastructure development, affordable housing initiatives, and sustainable practices. Government initiatives such as Make in India, National Infrastructure Pipeline, and support for affordable housing and smart cities further contribute to the industry's growth and competitiveness. Despite challenges, the cement industry in India continues to play a pivotal role in nation-building and economic progress
Pages: 210-213 | Views: 94 | Downloads: 36
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How to cite this article:
Maneesh. Building a solid foundation: The growth story of India's cement industry. Asian J Manage Commerce 2023;4(1):210-213.