Page 11 - DIGITAL CO NOV. 2019
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COVER STORY







                                                                  Fast Facts
                                                                 India catching up fast on global standards
                                                                 Wider acceptance of RMC
                                                                 Commercial Grades set the mold
                                                                 Buyers’ Market  fosters healthy competition
                                                                 Poised for higher CAGR

















































           expansion of Tier II and Tier III cities, has fuelled the growth of   Market Mechanics
           RMC market in India. At last count RMC industry has spread across   The Indian ready-mix concrete market is expected to register a
           nearly 50 major cities and the unofficially-estimated volume of   CAGR of more than 8 % during the 2019-2024 period. The major
           concrete produced by commercial plants during 2010-11 was   factor that is driving the growth of India’s RMC market is the
           of the order of around 40-45 million m3.            increasing construction activity in the infrastructure sector, which
                                                               is primary driver for the growth of the Indian construction sector.
           The concept of RMC was not new to India. Captive RMC plants   According to the IBEF, India needs infrastructural investments worth `
           arrived in the country in 1950s; but remained confined for   50 trillion by 2022, to have sustainable development in the country.
           application only in mega projects. Thus, India missed ‘commercial’
           RMC technology for nearly five decades! Early 1990s witnessed   Infrastructure
           the beginning of RMC industry in India. The first commercial RMC   The Indian government has played an important role in developing
           facility was set up in Pune in 1992 and was quickly followed by   world-class infrastructure in the country. Investments from the private
           establishment of similar facilities at other locations.  sector are expected to show moderate-to-high growth, owing to


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