FM asks industry to hold price line

FM asks industry to hold price line

BS Reporter / New Delhi March 5, 2008

Finance Minister P Chidambaram today urged manufacturers to hold prices or lower them. "Those industries that have enjoyed a deep fiscal cut should hold the price line," Chidambaram said at a post-budget meeting here with members of industry chamber Ficci.

Chidambaram also advised industry to expand production and gain in volume what they may lose by not increasing prices. "Manufacturers have to become more competitive and hold the price line and not indulge in cartelisation," he said even as he asked industry to become more competitive and efficient.

Chidambaram