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Cement executive urges India to cut GST, aiming to boost demand and increase production capacity.
A senior official from JK Lakshmi Cement has urged the Indian government to cut the GST on cement from 28% to 18% to boost demand, which is expected to grow by 7-8% annually.
The company also seeks policy support to enhance cement production capacity.
JK Lakshmi plans to invest Rs 500 crore in a new plant in Bihar, aiming to increase its annual cement production from 18 million tonnes to 30 million tonnes by 2030.
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El ejecutivo de Cemento insta a la India a recortar el GST, con el objetivo de impulsar la demanda y aumentar la capacidad de producción.