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Home / Politics / There is a cartel in the cement and steel industry: Gadkari
There is a cartel in the cement and steel industry: Gadkari
Indianexpressnews January 10, 2021 Politics
Gadkari said that if the cement and steel industries require higher prices, it will affect the implementation of infrastructure projects.
Union Minister Nitin Gadkari said on Saturday that cement and steel mills were exploiting the masses to make a lot of money, and noted the active cartels in both industries.
Jadkari made a speech at the Western Region Sector Meeting of the Indian Builders Association. During the meeting, Gadkari said that if the two industries require higher rates, it will affect the implementation of this number of infrastructure projects.
Cement plants take advantage of the situation. It is not in the national interest. We plan to implement 111 million infrastructure projects over the next five years. "If steel and cement prices continue in this way, it will be very difficult for us," Gadkari told ANI.
He said steel companies did not increase energy and labor costs, but still received higher rates. "There is a cartel in the cement and steel industry. Every steel company has its own iron ore mines, and there is no increase in labor and energy costs, there is a rise in prices," he said.
On Thursday, Gadkari, Land Acquisition and Highways Administration said it aims to travel 40 km a day until March this year. The Indian National Highway Authority (NHAI) has also confirmed that it plans to build 20,000,000 km of highways, including 250,000 km of highways, in the next five years. The plan includes 9,000 km of economic corridors, 2,000 km of buildings each for strategic coastal and border roads. Gadkari confirms that NHAI plans to connect 100 tourist destinations and 45 highways
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