• search

Cement manufacturers to discuss on price reductions

Written by: Staff
Subscribe to Oneindia News

Mumbai, May 03 (UNI) The Government has requested the Cement Manufacturers Association to call a meeting of its members urgently and decide on steps for lowering of cement prices.

Conveying this at a meeting held under his chairmanship here this afternoon to discuss the recent increase in cement prices, Secretary (Industrial Policy&Promotion), Ministry of Commerce and Industry Ajay Dua also indicated that the position would be reviewed within a fortnight, industry sources said.

Builders Association of India (BAI); Cement Manufacturers Association; Gandhidham Chamber of Commerce&Industry; representatives from the Ministries of Coal, Power, Railways, Consumer Affairs; Urban Development and Petroleum&Natural Gas and all other stakeholders attended the meeting.

The builders said that there had been a very steep increase in price of cement in fact more than 50 per cent in the 4 to 5 months period, starting from November 2005 and that the increase was particularly steep in the northern and western markets compared to the south and the east.

UNI SN PP VKG1820

For Breaking News from Oneindia
Get instant news updates throughout the day.

X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more