India's Cement Industry Strengthened as GST Slashed to 18%
Vicat's subsidiaries in India welcome the GST reduction on cement from 28% to 18%, a move expected to boost homebuilding and infrastructure development. This change reflects efforts by India's government to bolster the economy. Vicat pledges to pass on the benefits to its customers, aiding the nation's growth.
- Country:
- India
In a significant move set to impact India's construction industry, the government has slashed the Goods and Services Tax (GST) on cement from 28% to 18% as of September 22, 2025.
This change, hailed as progressive by Vicat's Indian subsidiaries, is anticipated to benefit homebuilders and infrastructure developers, enhancing India's low-cost housing initiatives and strengthening the cement sector.
With this decision, cement companies like Bharathi Cement and Kalburgi Cement commit to distributing the GST reduction benefits to customers, fostering a robust and competitive environment.
(With inputs from agencies.)
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