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Nitin Gadkari I 'There are cartels': Union Min Gadkari lashes out at cement, steel players

Updated Jan 10, 2021 | 15:25 IST
Gadkari said that the government has lined up infrastructure projects worth Rs 111 lakh crore in the next 5 years but there are bottlenecks owing to rising rates of steel and cement.
There is a cartel : Union Min Gadkari lashes out at cement, steel players | Photo Credit: Twitter
New Delhi: Union Micro-Small & Medium Minister (MSME) Nitin Gadkari in a warning to the steel and cement industry said there are cartels in the sector which are taking advantage of the current situation in the real estate sector.
“There is a cartel in cement & steel industry. Every steel company has its own iron ore mines & there has been no increase in labour & power costs but they are increasing rates. It is difficult for me to understand (the reason behind it,” said Gadkari during an industry event on Saturday. ....

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