Over the past two years, the cement industry in India has experienced a subdued demand growth and declining operating rates, compare a 7% growth during FY12 against 5.7% in FY11.
Escalating industrial input costs and rampant inflation have caused severe strain on the economy.
RBI squeeze on credit and tight monetary policies have neither controlled inflation nor helped growth. Lack of clear policy directions and minimal reform progress has changed the investment climate from optimistic to...
Keep on reading: Cement industry going through difficult times in India
Keep on reading: Cement industry going through difficult times in India