• HOME
  • ABOUT US
  • SUBSCRIBE
  • ADVERTISE
  • FEEDBACK
  • E-NEWSLETTER
  • CONTACT US
91-22-24193000
Subscriber@ASAPPinfoGlobal.com
Indian Cement Review
  • BEST STORIES
  • INTERVIEWS
  • PRODUCTS
  • PLANT & MACHINERY
  • TECHNOLOGY
  • EVENTS
  • FINDEX
  • ARCHIVES
Indian Cement Review Magazine | Government to look into alleged cartelisation in cement sector

Government to look into alleged cartelisation in cement sector

CII - CMA’s Distinguished Personality Award presented to KC Jain
Nepal-based Rhiddhisiddhi Cement commences production

Web Exclusive  /  Jun 2019

Real estate developers may get a breather as far as high cement prices are concerned, with the commerce ministry promising to examine the allegations of a cartel operating in the cement manufacturing sector.

“We have received a series of complaints against the cement manufacturers. We will be certainly looking into the issue and will talk to the sector,” said commerce ministry sources.

Real estate developers have been complaining about the existence of cement cartels for a long while, but what seems to have drawn the ministry’s attention is a recent representation made to Union Minister Nitin Gadkari by road developers after repeated cement price hikes were implemented.

“The cement manufacturers seem to be moving like a cartel,” Gadkari had said last week, adding that higher prices of cement are affecting the country’s highway construction projects.

The cost of a 50-kg bag of cement has increased from Rs 270 to Rs 400 over the last two months in the NCR region. Cement companies had gone for a price hike since February this year.

The housing and real estate sector is the largest consumer of cement, accounting for about 65 per cent of the total consumption in India. The other major consumers include public infrastructure (20 per cent) and industrial development (15 per cent).

Realty developers claim that the cement price hikes would adversely impact the affordable housing project and take away the benefits offered by GST rate cut. Developers also say that since cement is one of the key contributors to input costs, this would substantially increase their construction costs.

According to CREDAI, an increase of around 30 per cent in the cost of cement can increase the cost of building a unit of 500 square feet by up to Rs 1 lakh.

Tags Cloud
  • Real Estate
  • Cement Manufacturer
  • Nitin Gadkari
  • Highway Construction Projects
  • GST
  • CREDAI
  • Affordable Housing Project
Advertise Here [600px W x 90px H pixels]

Comments (0)

Leave a comment

Name *
E-mail *
Message *
Verification Code *
  Change Image

Loading ...
Popular posts
115645
Cement demand is growing but is still beyond the reach of many
Interactions,
Jul 2019
115789
We have won awards for ensuring personal safety in plants
Interactions,
Aug 2019
Most commented
1 Cement price falls to Rs 240/bag in AP
1 Cement price falls to Rs 240/bag in AP
Latest Comments
1
Rafikul says:
Sir, I need to huge quantity of cement for my shop and I think I am wholesaling cement all over assam. Pincode:781038 guwahati. Phone number- 9085682792/8135802470. Please call me sir.
Social
Become a fan
Like
Follow us
Follow
RSS
Subscribers

Posts Categories

  • BEST STORIES
  • INTERVIEWS
  • PRODUCTS
  • PLANT & MACHINERY
  • TECHNOLOGY
  • EVENTS
  • FINDEX
  • ARCHIVES
  • EDITOR'S SPEAKS
  • REQUEST A SAMPLE COPY
  • DIRECTORY
  • OUR ADVERTISERS

Twitter Feeds

Tweets by @indiancement

Contact Us

ASAPP Info Global Services Pvt Ltd.

A-303, Navbharat Estates,
Zakaria Bunder Road,
Sewri (West),
Mumbai - 400 015,
Maharashtra, India


Tel : 91-22-24193000, Fax : 91-22-24175734
Email : Subscriber@ASAPPinfoGlobal.com
Website: www.ASAPPinfoGlobal.com
  • HOME
  • ABOUT US
  • SUBSCRIBE
  • ADVERTISE
  • FEEDBACK
  • E-NEWSLETTER
  • PARTNERS
  • CONTACT US

© COPYRIGHT 2019 ASAPP Info Global Services Pvt Ltd. All Right Reserved.