Northeast companies eye Bengal, Bihar

Northeast companies eye Bengal, Bihar

Cement companies in the northeast are now eyeing the growing market of north Bengal and Bihar. Cement Manufacturing Company Limited (CMCL) is targeting to supply at least one mtpa of cement to Bihar and north Bengal. The value of this will be close to Rs 400 crore. The northeast has around a dozen cement companies operating is looking for new market outside the region. Cement companies operating in northeast India enjoy concessions and tax reliefs under North East Industrial Investment Promotion Policy (NEIIPP) to make there operation viable cement industries are armed with transport subsidy. Cement industrialists felt that cement demand in Bihar is growing at 13 per cent which is close to demand of northeast India.

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