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‘There is a cartel in the cement and steel industry’: Nitin Gadkari – Hindustan Times

UPDATED ON JAN 10, 2021 11:50 AM IST

About The Video

Union Minister for Micro, Small and Medium Enterprises (MSMEs) Nitin Gadkari lashed out at the Cement and Steel industry and said they are exploiting the present situation in the real estate market. “There is a cartel in the cement and steel industry. Every steel company has its own iron ore mines and there has been no increase in labour and power costs but they are increasing rates,” he said. “Cement factories are exploiting the situation. It’s not in national interests. We are planning to implement infrastructure projects worth 111 lakh crores in the next 5 years. If rates of steel and cement continue like this, it’ll be very difficult for us,” said Gadkari while interacting with Builders’ Association of India, Western Region via video conferencing. Watch the full video for more.



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Emmanuel Bonne, the Diplomatic Advisor to the French President, called on Prime Minister Narendra Modi on Friday and discussed wide-ranging bilateral as well as global issues. On a visit to India for the annual strategic dialogue between Paris and New Delhi, the diplomatic advisor to French President Emmanuel Macron had held talks with National Security Advisor Ajit Doval on Thursday. French Ambassador to India Emmanuel Lenain was also present during the meeting. Watch the full video for more details.

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