Steel, cement sector in hands of few people, cartels a big problem: Gadkari

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Steel, cement sector in hands of few people, cartels a big problem: Gadkari - Business Standard

Quick Summary:

Union Minister for Road Transport Nitin Gadkari on Tuesday said the steel and cement industry "cartels" pose a big problem for the country and its infrastructure development.

The Union minister said the fiber-reinforced plastic (FRP) can act as a good alternative to break the hold of the steel and cement companies and offered every help possible.

However, he urged the FRP players to bring down their prices such that the final costs are less by 20-25 per cent than the other entrenched alternatives.