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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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