Commerce and Industry Minister Kamal Nath would meet the cement manufacturers’ association on May 12, Ajay Dua, a secretary at the industry ministry, told reporters.
Cement prices have risen to 200 rupees ($4.45) per 50-kg bag from 135 rupees four months ago in India, the world’s biggest market after China.
All the major players - Grasim Industries Ltd, UltraTech Cement Ltd, Madras Cements Ltd and Chettinad Cement Corp Ltd and India Cements - have raised prices in the last few months.
A subsequent increase in construction costs could hit Asia’s third-largest economy which is stepping up efforts to build more roads, ports, airports, and power plants as it chases growth rates of 10 percent a year.
