Govt allows 100% FDI in gypsum products
Gypsum consumption in India would grow at a CAGR of around 5% from 2018-19 to 2024-25 as demand increases from cement, gypsum board and ceramic industries, according to a report by ResearchAndMarkets.
Also, the government is allowing 100% foreign direct investment (FDI) in gypsum product manufacturing companies, added the report “Indian Gypsum Industry Outlook to 2025”, an outcome of the exhaustive research and comprehensive analysis of the country’s gypsum market vis-a-vis the global market.
The robust infrastructural growth is boosting gypsum consumption in India, added report on 29 June 2020.
The report also covered industries involved in gypsum — Rajasthan State Mines & Minerals Ltd (RSMML), FCI Aravali Gypsum & Minerals India Ltd. (FAGMIL), Indian Farmers Fertilizer Cooperative Limited (IFFCO), Paradeep Phosphates Limited (PPL), Coromandel International and Hindalco Industries Limited (HIL). #cement #infrastructure #projects #tenders #fdi #investment /fiinews.com
