Govt says may ban cement exports

Reuters reports

The government may consider banning cement exports if such a move would help bring down prices, Commerce and Industry Minister Kamal Nath said on Wednesday.

"We will look at that (banning cement exports) if it helps bring down cement prices," Nath told reporters.

Indian cement makers have said they are unwilling to lower prices following a duty increase last week, but have pledged to raise capacity as the government battles to tame inflation.

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