Construction Industry News
West Bengal Minister of Trade and Industry, Shashi Panja, urged more manufacturing investment, especially cement, in the state on Wednesday.
The industry has responded positively, with at least two companies expressing a desire to invest in the state in the coming years.
During an interactive session on cement held by India's Chamber of Commerce, Panja said that state could be a destination for cement companies given the growing demand in the east and the availability of coal in abundance in this region.
Cement companies have faced a coal scarcity, which has caused their costs to rise dramatically in recent quarters. The government of West Bengal is trying to develop the Deocha Pachami coal block in Birbhum district.
Purvanchal Cement of Assam and Mangalam Cement of BK Birla group have said that their long term plans are to establish grinding mills in the state to meet the rising demand.
“We have been allocated a raw material block in Chhattisgarh, and after the integrated project is completed, the company will strongly explore the construction of a milling unit in Bengal,” said Mangalam Cement president (corporate) & CFO Yashwant Mishra stated.
Vedant Agarwal, general manager of Purbanchal Cement, stated that the company was also thinking of exploring the Bangladeshi market.
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