ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Wherewithal for Roads

It may be more relevant for ACC, which is better equipped to formulate a scheme for the Road Financing Corporation (in fact suggested by its own Chairman a year ago) or a Housing Finance Corporation, to try its hand at precisely these so as to support its cement manufacturing operations. Especially so since, with demand and supply of cement tending to a tie, there is real need now for extension of the market for cement. Much has been talked about the need for concrete roads in the country and the need for low-cost houses in metropolitan cities and rural areas. It looks reasonably certain that if schemes for these are sponsored by the monoliths of the cement industry, the industry may well escape the prospect of a glut in cement supplies

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