Cement manufacturers accuse builders of misleading govt, cartelisation

After builders accused cement manufacturers of indulging in cartelisation to jack up prices, cement manufacturers have hit out at builders saying they were misleading the government and that the government should look into their margins. The development comes a day after Union Road Transport Minister Nitin Gadkari said that the cement industry was trying to raise prices through cartelisation and there was an urgent need for a regulator. 

Industry players from the South have created a new body South India Cement Manufacturers Association (SICMA), which will be headed by N Srinivasan, vice chairman ánd managing director, India Cements.

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