HRM 605: LEGAL & REGULATORY ASPECTS OF BUSINESS

PROJECT ON:
CRITICAL STUDY OF DEFINITION OF COMPANIES AND OF VARIOUS TYPES

BY: (Group IV)
Piyali Bhattacharjee
Manashi Roy
Soura Shankar De
Sourav Manna

INTRODUCTION
The Indian economy is one of the fastest growing economies in the world; there is huge potential and capabilities. The growth rate of Indian economy is on a sustainably high growth mode. One of the reasons why there is such a rapid growth rate and sustainable too is there is growing domestic market as well as export market in India. Domestic market is increasing due to rise in disposable income and investment in the economy. India is seen amongst world’s youngest country in terms of age of people residing here, most of the citizens approximately 70% are below the age of 35 years. The shift primarily from agrarian to service economy took place in India which also has a huge impact in boosting the developing economy. India is emerging as a service provider to global market, its developed I.T talent and English speaking skill has helped it to grow worldwide. India is moving from an emerging market to an emerged market. The GDP growth of India over the years has shown the development of India’s different sectors like agriculture, construction & service growth.

CEMENT INDUSTRY - OVERVIEW
The cement industry across the world is getting concentrated and some of the western countries are closing down the production unit of cement because of its harmful effect to the environment.

Cement producing countries of world

The real estate boom across the globe including India has lead to rise in demand of cement. However, the cement industry across the world is getting concentrated. China is largest producer of cement and India is second largest producer of cement in