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News Indian government unveils US$102tn infrastructure plan

Indian government unveils US$102tn infrastructure plan

Written by Global Cement staff 02 January 2020
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India: Economic Affairs Secretary Atanu Chakraborty has announced an infrastructure-spending plan consisting of US$102tn expenditure before 30 April 2025. Iran Daily has reported that this includes an investment of US$13.6tn in the 12 months to 30 April 2019 - up by 36% from US$10.0tn in the previous 12 months to 30 April 2018. 25% of the investment will go to the energy sector and 19% spent on roads, 16% on urban infrastructure, 13% on railways and 8% on rural infrastructure and innovation. The Business Standard newspaper has suggested that slow growth in domestic demand in late 2020 may cause cement production capacity utilisation to return to a level above 70%.

Last modified on 08 January 2020
Published in Global Cement News
Tagged under
  • India
  • Government
  • Infrastructure
  • Investment
  • demand
  • Capacity utilisation
  • GCW437

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