Builder’s relief: Cement is likely to become cheaper
The real estate sector in India will find it helpful for their growth as the Indian cement companies are looking at reducing the costs of cement.
The cement industry has found that in last three months, higher inflation and the lower demand for property in India due to costly home loans have impacted real estate and infrastructure projects in India. That also reduced the sale of cements in this quarter.
Apart from price reduction, the cement manufacturing companies are also planning to improve their manufacturing efficiencies to cut down the input costs.
The major input cost borne by the companies is for coal import as several mineral rich countries have imposed higher levies for importing coal.
The cement manufacturing companies have already innovated and technologies like clean development mechanism (CDM), which will help them to reduce the input cost as the coal consumption will be lesser in the new technology.
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Rising property prices have reduced the demand
Source: Deccan Chronicle
cement industry, costs of cement, Home loans, projects in India, Property in India, Real estate sector in India
