´Housing for All´ to benefit cement sector
´Housing for All´ to benefit cement sector
Prime minister Narendra Modi´s ambitious Housing for All (HFA) project is likely to benefit sectors providing critical inputs to the construction industry like, cement and iron & steel, India Ratings & Research (Ind-Ra) has said in its latest report. However, much would depend on ability of domestic industry to meet the huge incremental demand for cement and steel due to be generated by HFA project, it added.

Under the HFA scheme, the central government will provide a grant for slum households (to the state), central assistance (given directly to households) and interest subvention. The overall fiscal impact is estimated to be 0.16 per cent of GDP in FY16.

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