Industrialist paints positive picture for cement industry

The demand for cement is slowly picking up following an increase in infrastructure and housing sector projects, vice-chairman and managing director of India Cements N Srinivasan said. The southern region is slowly catching up with the rest of the country when it comes to the demand for cement with higher capacity utilisation by the plants in the current year, Srinivasan said, while addressing shareholders at the 72nd annual general meeting of the company. Southern region registered a growth of over 20 per cent in cement output during the April-June 2018 quarter primarily driven by the infrastructure push given by the governments of Andhra Pradesh and Telangana, he said. "With the rise in consumption in infrastructure and housing sectors, the future is bright for the cement industry for the next 10 years", he said.