Hyderabad: The South India Cement Manufacturers Association (SICMA) welcomed the Budget saying that it addressed various requests made by the cement producers from the South. It has put special emphasis on infrastructure, particularly in the Southern States. They also include investments in the metro rail projects and a freight corridor from Vijayawada to Kharagpur.
For the first time, infrastructure spending is going deep into the South. The steps announced to boost real estate and affordable housing sectors will also give a fillip to cement demand.
SICMA had represented to the Minister for Commerce and Railways that road and infrastructure projects need special grade cement. Cement units in South India have idle capacity, which can be utilised for the infrastructure projects in central, eastern and north eastern regions by offering either a telescopic freight or a long lead discount, thus increasing Railway Traffic.
SICMA is of the view that the Southern States which account for more than one-third of India’s limestone deposits have the potential to become a cement hub for India as well as exports.