Union Minister Nitin Gadkari lashed out at the cement and steel industries in a gathering. He said that there is a monopoly in the cement and steel industry. Every steel company has its own iron ore mine and there is no increase in the cost of labor and electricity but they are increasing the prices. It is very difficult for me to understand the reason behind this.
He said that cement factories are taking advantage of the situation. It is not in the national interest. We plan to implement Rs 111 lakh crore infrastructure projects in the next 5 years. If steel and cement rates continue in this manner, it will be very difficult for us. Gadkari was addressing the meeting of the Western Zone section of the Builders Association of India.
Cement factories are exploiting the situation. It’s not in national interests. We’re planning to implement infrastructure projects worth Rs 111 lakh crores in next 5 years. If rates of steel & cement continue like this, it’ll be very difficult for us: Union Minister Nitin Gadkari https://t.co/wRJpMmnDUN
– ANI (@ANI) January 9, 2021
Let us know that on Thursday, Gadkari said that the Ministry of Road Transport and Highways is aiming to build 40 km of roads per day by March this year. He also informed that the National Highways Authority of India intends to construct 60,000 km of highways within the next five years, which will include 2,500 km of express highways. The plan includes construction of 9,000 km of economic corridors, 2,000 km of coastal and strategic border roads.