Recent Union Budget 2013-14 has proposed to deduct the interest up to Rs.1 lakh for a person taking first home loan up to Rs.25 lakh during period 1.4.2013 to 31.3.2014. This will promote home ownership and give a fillip to a number of industries including glass. Growth in Float Glass segment is expected to pick up once the interest rates start softening leading to increasing demand for real estate. Finally, players who have taken initiatives for new product line as well for cost controls will benefit with relatively better margins.

Glass consumption growth is expected to increase in all the major sectors such as consumer goods, pharmaceuticals, automotive and construction driven by up tick in demand. The lower per capita consumption of 1.5 kg in India as compared to the other countries and the strong economic drivers for end user segments (liquor, beer, pharma, food, cosmetics etc) will boost the demand for the industry.