The Cement Manufacturers’ Association (CMA) has welcomed the Union Budget 2025-26 presented by the Finance Minister Nirmala Sitharaman. Comments as below:


Mr Neeraj Akhoury - President, Cement Manufacturers’ Association (CMA) and Managing Director, Shree Cement

“CMA hails the Union Budget, announced under the leadership of Prime Minister Narendra Modi for its comprehensive focus on holistic and inclusive development. The Budget reinforces a transformative journey towards building a resilient economy for advancing India’s development goals. The various initiatives announced by the Government balance people’s aspirations with the future requirements for the Country’s economic growth. The focus on increased investments on infrastructure across States amplifies opportunities and avenues for the growth of the Cement sector. We appreciate the sustained core focus on infrastructure and reiterate our commitment to being partners in Nation’s progress. The increased spending on large scale housing and infrastructure projects will drive demand for construction materials allowing capacity expansion and promotion of innovation in sustainable practices. We are certain that despite challenges these measures will support the Cement Industry in achieving a consistent CAGR growth rate of more than 6 per cent of installed cement capacity in the present financial year. Policy reforms in Budget 2025-26 signal a reaffirmation of the Government’s intent to augment socio economic growth across core sectors."
Mr Parth Jindal, Vice President, Cement Manufacturers’ Association (CMA) and Managing Director, JSW Cement

“The Budget presented by Finance Minister Smt. Nirmala Sitharaman is a forward-looking roadmap that will play a pivotal role in shaping the future of India’s cement industry, in line with the country’s vision for a Viksit Bharat by 2047. It prioritizes growth in key sectors such as infrastructure, manufacturing, and technology. The increased investment in technology will accelerate advancements in green cement solutions, driving both sustainability and innovation within the industry. Notable allocations, including ?20,000 crore to foster innovation and ?1.5 lakh crore in 50-year interest-free loans to states for capital expenditure on infrastructure development, are expected to significantly bolster growth in the core sectors, including cement sector."

“The Budget’s focus on a three-year pipeline of projects under the public-private partnership (PPP) model will incentivize private sector investment and catalyze a transformation in the infrastructure landscape. Additionally, the establishment of five National Centers of Excellence for skill development, as part of the 'Make for India, Make for the World' initiative, will ensure that India’s emerging workforce is well-equipped to meet the demands of a rapidly growing economy.”

CMA applauds the Government's steadfast commitment to a modern, people centric, trust based regulatory framework with a focus on ease of doing business, which will support businesses in accelerating growth.