TN govt threatens with nationalisation of cement factories

Subscribe to Oneindia News

Chennai, Jan 2 (UNI) The Tamil Nadu government today gave a threat of nationalisation of cement factories in the state if the manufacturers did not bring down the prices, even as it decided to sell imported cement through the Civil Supplies Corporation.

Taking note of the increase in the cement price, the state government, after a high-level meeting this morning at the Secretariat, decided to sell imported cement at cost price through the state civil supplies corporation for the benefit of the people.

After a high-level meeting, chaired by Chief Minister M Karunanidhi, it was decided to issue orders today itself to import one lakh tonnes of cement from Minerals and Metals Trading Corporation (MMTC) to tide over the crisis, an official release here said.

It said the imported cement would be kept in the more than 200 godowns of the Tamil Nadu Civil Supplies Corporation and would be sold directly to the people at cost price without any profit.

It was also decided in the meeting to allow Tamil Nadu Cement Corporation (TANCEM) to import cement as per needs from foreign countries, by floating direct tenders, the release said.

Even after this, if the cement manufuacturers did not come forward to bring down the prices, the government would have no option but to nationalise the cement factories in the state, it warned.

Cement prices have skyrocketed in the recent times and the Pattali Makkal Katchi (PMK), a key ally of the ruling DMK, had demanded that the government make available cement in fair price shops to check the price.

UNI WS AJ AK KN1529

Please Wait while comments are loading...