Owing to the large presence of limestone, Gulbarga is looking forward to a boost in the cement sector. With an upcoming investment of Rs 39,820.73 crore, 16 companies are expected to set up 32 units. The cement demand is expected to reach 20 million tonne in 2015-16 in Karnataka.
The Karnataka cabinet approved the acquisition of 24 acre by Rajashree Cement for its expansion in Gulbarga district. The company, in its application to the government, had requested additional land for expansion of its cement manufacturing unit from 4.20 mtpa to 8.45 mtpa
Demand for cement fell by 0.68 per cent during the April-June quarter compared with the corresponding period last fiscal as political crisis in large consumer states held up infrastructure and realty projects.