The ongoing efforts to import cement for moderating domestic prices will not influence the prices during the current financial year, N Srinivasan, vice-chairman and managing director, India Cements Limited, has said. | |
| Speaking on the sidelines of the executive committee meeting of the Federation of Indian Chambers of Commerce and Industry (Ficci), Srinivasan, who is also vice-president of the industry body, said cement prices would not be hit by any such interventions during the current year as the supply-demand gap was quite huge. |
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| "I may not be certain about how the situation would be next year, but the present trend will continue throughout this year," he told Business Standard. |
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| He said there was nothing much happening on the cement imports front even as the Centre removed import duties and brought down the countervailing duty to zero recently. |
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| He denied the allegation that the cement industry was resorting to cartelisation. |
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