Scope of Ready mix concrete (RMC) in India
The Ready Mix Concrete industry is one among the quickest developing sector in India. In the coming years the nation will witness expanded development action with quicker improvement in our urban areas and foundation. RMC is anticipated that would assume a critical part in the situation. As India constructs its foundation, the RMC business is consistently picking up pace as the most feasible choice to accelerate development.
Throughout the following 5 years, the extent of the RMC industry is assessed to develop from INR 155-160 billion in 2015-16 to 395-400 billion in 2020-21. Despite the fact that the infiltration of RMC is higher in the metropolitan urban communities when contrasted with all India normal, there is extension for further infiltration of RMC in these urban areas with expected foundation advancement. In early 70s both pricing and distribution of cement were controlled due to shortage of supply, Ready mix concrete technology could not be implemented as investors felt that RMC plant will starve due to non-availability of cement. The levy of additional taxes & duties on RMC, entry tax, excise duty also contributed to the slow development of the concept. In the late 80s, after cement was fully decontrolled, RMC was manufactured on a commercial basis. The Indian market for Ready Mix Concrete has been showing a consistent positive growth, year after year, in spite of a few policy hurdles on the way. From the first commercial RMC plant set up in 1993 by Ready-Mix Concrete Industries to the state-of-art plants presently producing over 37-lakh cubic meters annually, it has been an eventful journey for the industry.