Fuelled by growth in sectors like real estate, infrastructure, retail, automotive and food & beverages, the country's glass industry will acquire a market size worth Rs 340 billion by 2015 from Rs 225 billion at present, according to a study by industry body Assocham. "Indian glass market is estimated to increase at a compound annual growth rate ( CAGR) of 15 per cent over the next three years.
The glass consumption growth is expected in construction (10-12 per cent), automotive (20), consumer goods (15-20) and pharmaceuticals (15-18) sectors," Assocham Secretary General D S Rawat said.
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2013-11-27T12:00:00Glass industry to touch Rs 340 billion by 2015 by Assocham glassonweb.com