Increased spending on housing projects will drive demand: Cement makers

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Increased spending on housing projects will drive demand: Cement makers - Business Standard

Quick Summary:

Increased spending on large-scale housing and infrastructure projects announced in the Budget by the finance minister Nirmala Sitharaman will drive demand for construction materials, and allow capacity expansion, said cement makers.

The Budget presents a vision for India's economic growth emphasising rural and urban development, increased infrastructure investment, employment-led growth and strategic investments, said the Cement Manufacturers' Association (CMA) welcoming the Union Budget.

"The focus on increased investments on infrastructure across states amplifies opportunities and avenues for the growth of the cement sector.