The High Cost of Doing Business

Examines the impact of rising borrowing costs on the industry
The vice-chairman of one of India's leading cement companies speaks out about the impact the country's rising costs of borrowing are having on the industry. A deteriorating rupee, high interest rates, and the looming threat of a downgrade to junk status by Standard & Poor's (S&P) has many companies walking a proverbial tightrope.

Recently, N Srinivasan, vicechairman of India Cements, commented on India's current economic environment. His remarks surprised many, as Srinivasan rarely publically comments on the cement industry or the state of the economy.

Read the rest of the article in India Cement & Construction Materials issue 7.