China may push cement into India
Portland cement from China may flood the Indian market as housing and construction companies have started exploring the possibility of importing cement, reports Lalatendu Mishra.business Updated: Apr 05, 2007 03:14 IST
Portland cement from China may flood the Indian market as housing and construction companies have started exploring the possibility of importing cement to prevent cost escalation of projects.
“Soon we will ask for the rates. Even if it will be at par with domestic cement prices, we will go for imported cement. We have placed a bulk order for tiles from China those are 25 per cent cheaper than Indian tiles” said Sukhraj Nahar, chairman of Nahar group of builders and developers.
“There is problem in supplies from domestic companies. We even don’t get half of our requirement on time,” he added.
Another prominent developer Mukesh Patel, director of Neelkanth group said: “We may consider imports from next month. Korea seems to be catering to the requirement. The removal of duties will make imported cement cheaper by Rs 12 to Rs 15 a bag and the benefits if any will be passed on to consumers.”
Analysts say that though Chinese cement is of lower quality than those of Thailand and Indonesia, pricing will be the main factor. Other viable sources seem to be Ukraine and Pakistan.
First Published: Apr 05, 2007 03:09 IST