A STUDY ON EMPLOYEE WELFARE MEASURES
However, Industry experts comment that exports are mainly for keeping a check on the domestic prices, which get adversely affected due to exam production. In theglobal market. India cement is not very competitive due to high power and fuel costs. Inorder to improve its position in the International market, technological up gradation isessential in terms of process, product diversification, cost reduction quality control andenergy savings.
CEMENT INDUSTRY HIGHLIGHTS
The Indian cement industry has high Return on Investment. There exists a largemarkers which are not yet been completely tapped. With the existing levels of supply andgrowing demand the prices tend to rise. But the industry being a fast growing one, many players are attracted. Every year new capacities are added raising the supply, pricestability is thus maintained and the high profits are observed by new entrants.The per capital consumption of manufacture commodities like steel, power andcement ate indicators of the economic state of a country. Of the total output nearly 95% isaccounted for only 90%, while the Government sector accounts for 10%. The housingactivity accounts for 55% of total consumption. Nearly 47% of the total costs, most of which are administrated prices are beyond the control of cement units. The cost elementsinclude limestone, coal, transport freight, power consumption and excise duty.
Production and Consumption Pattern of Cement
In the case of cement production regional imbalances continue. Cement plants aregenerally put up where limestone id available. This because, to produce 1 tons of cement1 ½ tones of limestone is required. Also it is easier to transport cement than limestone.Cement is mainly produced in the Western and Southern regions. Hence, only half of the cement produced is consumed within the region. Cement is usually transportedfrom south to west is the most surplus region. Although, west is a surplus regions, cement
SREE VIDYANIKETHAN INSTITUTE OF MANAGEMENT