Monday, April 14, 2008

International commitments on cement exports to stay

by Jo Black

The Export of Cement constitute only 3% of the total Indian Production and 90% of the export are from the companies located around the Gujarat coastal area. Most of these companies are very small and are mostly exporting to South Africa and Srilanka.

They are only competitive for exports, as is obvious from their location and country focus. Therefore, the steps taken by the Indian federal government on banning of Cement export would not be effective to contain the price rise, said Director General, CII.

This would also deter industry from building capacity. CII recommends that Government should consider reducing the excise duty of cement, which would help in controlling the price.

Any such action may be taken for future contracts only, and not impact present commitments and come in the way of meeting EPCG requirements. CII strongly felt that many of the small Cement companies, who are only depending of Export would face acute hardship due to this export ban.

 

 

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