Business Daily from THE HINDU group of publications Wednesday, May 28, 2008 ePaper | Mobile/PDA Version | Audio |
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Cement Industry & Economy - Exports & Imports States - Gujarat Cement exports allowed through Gujarat ports
Our Bureau
New Delhi, May 27 The Government has eased the ban on cement exports from the ports in Gujarat. Gujarat accounts for almost 90 per cent of the country’s cement exports. The Director-General of Foreign Trade has also issued a notification to give effect to the Government decision. “The existing ban on export of cement and cement clinkers shall not be applicable to export of cement from ports of Gujarat,” the DGFT notification said. The major cement manufacturers in the State include Gujarat Ambuja, Binani Industries, Ultratech, Sanghi Cement and Gujarat Siddhee. There are also around 90 operational mini cement plants in the State. Lean seasonSpeaking to reporters here today, the Commerce Secretary, Mr G. K. Pillai, said that as domestic demand for cement is usually low during the monsoon season owing to slowing down of construction activities, exports have been permitted. “During the monsoon months of June and July, very few people construct houses and the demand will come down. That also helps to keep the market going,” he said. Earlier, on April 11 the Government had banned cement export in its bid to rein in rising inflation. Cement companies exporting from Gujarat ports traditionally cater to the Middle-East market, he said and added that approximately two million tonnes of cement are exported annually from Gujarat. ‘Right time’Stating that the Government decision has come at the right time, the President of the Cement Manufacturers Association (CMA), Mr H. M .Bangur, said “We have enough cement to cater to the domestic requirement.” “Even after exports, we will have surplus cement,” he said. India exported 3.33 million tonnes of cement during April-February 2007-08, according to CMA data. The annual production was around 170 million tonnes last fiscal, while the installed capacity reached 196.22 million tonnes as on April 30, 2008. Cement export ban to have muted impact on prices Govt bans cement exports to stem price rise More Stories on : Cement | Exports & Imports | Gujarat
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