India cement prices stable, no plan for regulator

India cement prices stable, no plan for regulator
12 March 2008

Cement prices in India have stabilised since March 2007 and there was no plan to set up a separate regulator for the sector, Junior Industry Minister Ashwani Kumar said on Tuesday.

In a written reply to parliament, Kumar said the government abolished import duties and allowed state-run trading firms MMTC, TANCEM of Tamil Nadu and Puducherry Agro Services Industries Corp to import cement last year to bridge the demand-supply gap and stem price rise.

"With these measures, the average price of cement has stabilised to a large extent showing an increase of only 2.67 percent between March 2007 and January 2008," he said in a written reply to parliament.

India’s annual cement demand is rising by 10 percent as Asia’s third largest economy scales up infrastructure to sustain a high growth rate.

According to latest figures compiled by Cement Manufacturers’ Association of India, cement production during April-January rose seven per cent from a year earlier to 136.56Mt.
Published under Cement News