The Indian government’s decision to slash the GST rate on cement from 28% to 18% is poised to invigorate domestic manufacturing and spur infrastructure development. This move, welcomed by industry stakeholders, is anticipated to enhance the competitive edge of the Indian cement industry on a global scale.
The Cement Manufacturers’ Association (CMA) noted that cement was previously taxed at one of the highest rates among essential building materials. By aligning it with other core materials, the tax reduction addresses this disparity, promoting growth in infrastructure and housing sectors, according to CMA President Neeraj Akhoury.
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In a statement, Adani Cement CEO Vinod Bahety described the reform as a catalyst for national infrastructure expansion and industrial growth, positioning India for its next era of economic development. This strategic policy shift aligns with ambitious infrastructure plans and provides structural relief for the real estate sector.
