Chennai-based India Cement said demand in east and south has brought down growth. Speaking exclusively to CNBC-TV18, N Srinivasan Chairman of India Cements said the April-September cement demand is up 3.5%, which he adds, in the current environment is a positive.
But the big worry right now, according to him, is the falling correlation of cement with GDP.
He believes cement capacity growth will be around 280 million tonne from the earlier 170 million tonne.
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