Cement demand at the cusp of a new cycle: Over FY16-21, Mr Maheshwari expects cement demand in India to closely track the growth trajectory in China in the 1990s. Cement demand in China had increased multi-fold in the 1990s, led by infrastructure development. In India too, the growth in cement demand would be initially led by infrastructure – development of roads, railways, ports, power projects, and irrigation facilities. Demand growth from the housing segment would be gradual and back-ended.
Motilal Oswal