West Bengal seeks more investment in cement sector

16 Dec 2022 CW Team

West Bengal Commerce and Industry Minister Shashi Panja urged more manufacturing investment, particularly cement, into the state on Wednesday.

The industry has reacted favourably, with at least two corporations expressing a desire to invest in the state in the future years.

At an interactive session on cement held by the Indian Chamber of Commerce, Panja said that that state can be a destination for cement companies, given the growing demand in the east and the availability of coal in plenty in this region.

Cement businesses have been dealing with a coal scarcity, which has driven up their costs dramatically in recent quarters. The government of West Bengal is attempting to develop the Deocha Pachami coal block in Birbhum district.

Purvanchal Cement of Assam and Mangalam Cement of the BK Birla group have said that they have long-term intentions to establish grinding mills in the state to accommodate rising demand.

"We have been assigned a raw material block in Chhattisgarh, and after the integrated project is completed, the business will strongly explore building a grinding unit in Bengal," Mangalam Cement president (corporate) & CFO Yashwant Mishra stated.

Purbanchal Cement Managing Director Vedant Agarwal stated that the company was also thinking about exploring the Bengal market.

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