The association however, did not give any details about the amount by which the price would be slashed
The South Indian Cement Manufacturers Association has said that cement will be made available at a reasonable and acceptable price.
In a statement on Saturday, the association said that based on the appeal made by the Minister for Industries, the cement industry has said that it would make sure cement was made available at a reasonable and acceptable price to help the public at large, during these difficult times of the pandemic. However, the association did not give any details about the amount by which the price would be slashed.
“Cement industry is working very closely with the government of Tamil Nadu, in making cement available at a hugely concessional price to the weaker section of the society. We want to assure the Tamil Nadu government and the people that the cement industry will remain fully supportive of every single development initiative of the government,” the association said.
It also noted that cement prices were only a small component of the total construction costs. “Cement industry, like all other industries, has been going through trying times during the second phase of Covid, operating at only 30-40% capacity utilisation. In order to sustain our own survival, and in view of an increase in all round cost, price increase of cement was inevitable,” it said.
Also Read: In TN, real estate industry, cement makers spar over price hike yet again
Real estate developers and builders in Tamil Nadu have been complaining about the escalating cement prices in the last few months. They had pointed out that retail cement prices have shot up to ₹520 per 50 kg bag, up from ₹460 in May. Cement manufacturers had then pointed out that their input costs have gone up and that was the reason for an increase in the price.
Earlier this week, Industries Minister Thangam Thennarasu said the State government held a meeting with stakeholders in the industry on reducing cement prices.
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