Challenges in cement industry :-

Managing of growth - In comparison to employee productivity, the pace of increase in employee costs as a percentage of
overall spending is increasing at a faster rate. This rate of increase has been a major source of concern for certain
businesses, and these businesses are increasingly concentrating on measures to improve staff abilities in order to boost
productivity
Industry Today Goods and Services Tax :- Taxes have a detrimental influence on manufacturers since they raise production
costs.
Demonetization :- Monetization affects the Indian economy, as it does every other economy on the planet. Despite the short-
term benefits of higher cement demand from black money holders' increased construction activities, the long-term
consequences are negative.
Human Capital :- We have found that enterprises in the Indian cement industry are having difficulty managing their human
capital. With the ageing population, there is a growing bulge in the middle management ranks etc. The cement industry has
shrunk from 9.8% in 2016 to 7.6% in 2017. There has been no link between wage rises and inflation figures. While the CPI
is taken into account during the increment cycle, the final figures are more influenced by business and industry performance.
Over time, actual salary increases (adjusted for inflation) have been dropping.
Compensation for Executives - Across many industries, employee remuneration has become a key concern. The wage ratio
movement between average labour compensation and average CEO remuneration has increased five times in the cement
business in the last three years
PROSPECTS of cement industry
• Adoption of village on long term developmental plans.

• Natural disasters calamities management – Relief rehabilitation and reconstruction

• Natural resource replenishment drives.

• Advanced Pollution control technologies

• Adoption of army families