India: The Kerala state government aims to establish 25% state ownership of the cement industry locally. The New Indian Express newspaper has reported that the policy aims to control rising cement prices. The government said that state-owned Malabar Cements and Travancore Cements will increase their cement production. The former has already lowered its cement prices, according to the administration.
Kerala state government to increase stake in state cement industry to 25%
URL: https://www.globalcement.com/news/item/12652-kerala-state-government-to-increase-stake-in-state-cement-industry-to-25
© 2025 Pro Global Media Ltd. All rights reserved.