Demand in the cement sector is likely to pick up from the second half of this fiscal on account of benefits under GST and increased government spending on infrastructure, according to industry body CMA. The industry will also benefit as the logistics cost would come down by 30 per cent because of elimination of blockage time at state check posts under the GST regime. "The abolition of borders in the wake of the new tax regime has reduced the blockage time at check posts and thereby expediting the movement of the goods and the reducing turnaround time of the trucks," Cement Manufacturers Association (CMA) President Shailendra Chouksey told(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

Source: dna July 16, 2017 05:26 UTC