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India to receive cement from Pakistan by Aug-end

India to receive cement from Pakistan by Aug-end
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First Published: Fri, Aug 03 2007. 04 11 PM IST
Updated: Fri, Aug 03 2007. 04 11 PM IST
New Delhi: Pakistani cement exports will begin arriving in India by the end of August, Pakistan’s commerce secretary said on Friday.
“There were hurdles in cement exports from Pakistan to India but we have moved forward and the first tranche of cement will reach India by August-end,” Syed Asif Shah told a business conference.
Last month, a senior Indian official said the government was planning to ease import rules to bridge the cement demand-supply gap and rein in prices.
Shah declined to how much cement would be sent to India.
Pakistan has an annual production capacity of 37-38 million tonnes, while it consumes 22-25 million tonnes, Shah said.
He said local firms were looking to raise capacity to 45 million tonnes by 2009 to meet higher demand and step up exports.
India’s cement supplies grew by 7 percent during the April-June quarter from a year earlier, but demand expanded by 10 percent in the same period.
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First Published: Fri, Aug 03 2007. 04 11 PM IST
More Topics: India | cement | Pakistan | import | Corporate News |