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Growth of Indian cement industry, its environment impact and emerging alternatives

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Title Growth of Indian cement industry, its environment impact and emerging alternatives
 
Creator Mudgal, Vedansh
Chellasamy, Aarthy
 
Subject Cement
Concrete
Greenhouse gases
Environment impact
Gross domestic product (GDP)
 
Description 38-50
The present study provides a detailed review on growth of Indian cement industry, its environmental implications of cement
production and its significant influence on the future trajectory of the Indian concrete industry. The Indian cement sector, a vital
contributor to the nation's economy, faces a dual challenge of meeting the growing demand for construction materials while
mitigating its environmental footprint. The study delves into the industry's current status as the world's second-largest cement
producer and its impact on various sectors, including employment, GDP contribution, and dependence on real estate and
infrastructure. The paper identifies key obstacles hindering the Indian concrete industry's full potential, such as a slowdown in
real estate development, low industrial investment, regulatory changes, and constraints on resource extraction. Despite the
industry's promising growth, the looming threats from emerging technologies and increasing environmental concerns,
particularly related to greenhouse gas emissions, necessitate a strategic shift towards sustainability. A central focus of the
research is the urgent need for the Indian concrete industry to address its environmental impact, specifically the 7% contribution
to global greenhouse gas emissions. The study explores the industry's role in creating carbon-neutral concrete by 2050 and
emphasizes the importance of collaboration with policymakers, financial institutions like the International Finance Corporation
(IFC), and end users in achieving this ambitious goal. The study reveals the comprehensive resource for industry stakeholders,
and researchers interested in understanding the environmental implications of cement production and charting a sustainable
course for the future of the Indian concrete industry and emerging alternatives.
 
Date 2024-04-02T09:53:59Z
2024-04-02T09:53:59Z
2024-04
 
Type Article
 
Identifier 0975-1017 (Online); 0971-4588 (Print)
http://nopr.niscpr.res.in/handle/123456789/63676
https://doi.org/10.56042/ijems.v31i1.7145
 
Language en
 
Publisher NIScPR-CSIR,India
 
Source IJEMS Vol.31(1) February