It is the construction sector which shares the blame of global economic slowdown leading to slackening of demand for housing; but withstanding that hard time, our cement sector is still growing at a 10 per cent when compared to the global average of 5 per cent. Indian Industry is fortunate in having an active support and services of the National Council for Cement & Building Materials with an excellent R&D Infrastructure and invaluable intellectual capital.
In a recent International Seminar on Cement & Building Materials in New Delhi, Shri Jyotiraditya M. Scindia, Minister of State for Commerce & Industry, said: “In spite of global slowdown and reduction in demand, cement industry needs to be complimented for weathering the downturn and recording a commendable growth of around 8 per cent in 2007-08 as well as in 2008-09. In the current year 2009-10 so far, the pace of growth of cement industry has accelerated significantly above double digit.”
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