Cementing the Growth of India's Infrastructure

The market for building materials in India continues to grow steadily due to the general growth in the population’s urbanization, infrastructure, and disposable income. Over the last few years, India has seen a steep incline in construction activities owing to the government initiatives. These measures seek to improve the physical structures within the urban areas and support the provision of shelter, a factor that will spur demand for building materials across the country. Furthermore, fast growth of industries and the development of segments like retailing, healthcare, and tourism also add to such a need.

Factors that are related to construction have experienced an improvement, for instance cement production. Cement industry has emerged as one of the largest in the world and India now ranks amongst the largest producers of cement in the world with large companies increasing their capacities to meet the growing demand. Use of steel has also gone up due to various infrastructural development such as roads, bridges, and metro rail systems. Technological advancement of building materials, organic construction products, and highperformance roofing systems are on the rise as sustainability is considered a top priority in the development of cities. The real estate sector which is one of the key consumers of building materials has recovered from previous slowdowns due to supportive government policies and rise in investments both domestic and foreign. This resurgence has not only increased the consumption of conventional materials, but has also encouraged the development of new methods and products in energy efficient construction. 

In the current issue, we introduce you to the top companies in this segment. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.

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