India will take steps to lower cement prices

India will take steps to lower cement prices
Published: 04 December 2007

India will take all necessary steps to bring down cement prices and has asked a state-run trading firm to import the commodity, a junior industry minister said on Tuesday.

"We will take all necessary steps to bring down cement. We have asked MMTC to import more cement. The prices are high due to strong demand from the construction sector," Ashwani Kumar told reporters on the sidelines of a business summit.

"We will take all necessary steps including raising production capacity to bring down prices."