GST impact: Cement growth in east India down from earlier projection

NGT ban on sand mining in Bihar has been a dampener too

Avishek Rakshit  |  Kolkata 

The earlier projection of 10 per cent cement sales growth this year in the eastern part of the country is likely to halve, as the region faces acute sand shortage, with a ban enforced by the Bihar government. Transition to the new Goods and Services Tax (GST) regime is also dampening sales, both at the wholesale and retail levels. Bihar has 23 per cent of the cement market in the east. Analysts say it was previously growing at a 18-20 per cent annual rate but sales have halted there for three months. This has adversely affected the overall eastern region. As on September 30, overall ...

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First Published: Fri, October 20 2017. 18:14 IST