Cement Manufacturers Association Applauds Union Budget FY26’s Focus on Infrastructure Development
Mumbai : The Cement Manufacturers Association (CMA) has welcomed the Union Budget 2025-26, presented by Finance Minister Smt. Nirmala Sitharaman, lauding its vision for economic growth through rural and urban development, increased infrastructure investment, and employment-driven growth.
Neeraj Akhoury, President of CMA and Managing Director of Shree Cement Limited, commended the Budget for its balanced approach to holistic development. “Under the leadership of Prime Minister Narendra Modi, the Budget reinforces a transformative path toward a resilient economy. The emphasis on infrastructure investments across states will unlock new opportunities for the cement sector. The initiatives align with the aspirations of the people and the nation’s growth requirements,” he said.
Akhoury noted that increased spending on large-scale housing and infrastructure projects would bolster demand for construction materials, enabling capacity expansion and fostering innovation in sustainable practices. “Despite challenges, these measures will help the cement industry maintain a consistent CAGR growth rate of over 6% for installed cement capacity this financial year,” he added.
Parth Jindal, Vice President of CMA and Managing Director of JSW Cement Limited, praised the Budget as a forward-thinking roadmap for the nation’s growth. “The allocations for infrastructure, manufacturing, and technology align with India’s vision for a Viksit Bharat by 2047. Investments such as ₹20,000 crore for innovation and ₹1.5 lakh crore in 50-year interest-free loans to states for infrastructure will significantly benefit the cement industry,” Jindal said.
He highlighted the impact of the Budget’s focus on public-private partnership (PPP) projects and the establishment of five National Centers of Excellence for skill development under the “Make for India, Make for the World” initiative. “These efforts will ensure a skilled workforce and incentivize private sector participation, driving transformation in the infrastructure landscape,” Jindal added.
CMA appreciated the government’s commitment to creating a modern, trust-based regulatory framework that prioritizes ease of doing business.
The Budget’s long-term outlook, as outlined by Finance Minister Sitharaman, underscores the importance of balanced regional growth through Sabka Vikas. As a key partner in nation-building, the cement industry remains committed to supporting this vision through innovation and technological advancements.
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