According to CARE Ratings, six states will drive the cement capacity expansion in the next phase. Telangana, Andhra Pradesh, Odisha, Rajasthan, West Bengal and Uttar Pradesh are the key states expected to witness capacity addition of around 120 mtpa over the next decade.
Cement production in India is expected to remain steady, with the total production expected to grow by 5-7 per cent during FY2020, as per a report by Care Ratings.
Infrastructure liquidity crunch needs a solution
Major positive policy measures for the construction and infrastructure sectors
Cement production is expected to cross 310 million tonne during FY19. We expect cement production to grow by 5.5-6.5 per cent during FY19. Housing and real estate segment demand is expected to grow by around 6-7 per cent whereas demand from infrastructure segment is expected to grow by 8-10 per cent.
According to CARE Ratings, India’s Solar Programme has set-up an ambitious capacity addition target of ~100GW of solar capacity addition by 2022.
The credit policy has fixed the maximum all inclusive cost for masala bonds. CARE Ratings has put together some information on companies which have borrowed such funds and the cost incurred as interest on them. it will be interesting to see as to how firms react to this new norm as they compare these rates with domestic borrowing costs.
Escorts Skill Development has launched the Recognition of Prior Learning certification programme under the Ministry of Skill Development and Entrepreneurship in Delhi and Haryana.
According to CARE Ratings agency, investment in road and bridge sector is projected at Rs 9.20 lakh crore during the Twelfth Five Year Plan period ending March 2017, as against Rs 5.16 lakh crore invested during the Eleventh Five Year Plan period ending March 2012.
