IIPM MANAGEMENT INSTITUTE

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Knowledge powerhouses like KPMG has another viewpoint to share. Pradip Kanakia, Risk Advisory Services, sees no cartelisation, but a bit of speculation in the cement sector. “My personal opinion is that it is more of a protective gesture, and reaction to the injustice done to them,” he said. Monish Chatrath of Grant Thornton too endorses Pradip’s viewpoint and adds, “Cement industry has been on the target of the government for a long time now. Cement players operate in a high tax and high subsidy regime. On top of it, the government has also allowed cement import from Pakistan, which will hit Indian shores by August. All this has put a lot of pressure of cement companies in India.” But is it enough to justify the actions of the cement companies. Not everyone feels so. Udai Mehta, Policy Analyst with CUTS International – a non-governmental organisation pursuing social justice