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          Nitin Gadkari says steel and cement cartels are a big problem for India

          Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday criticised the steel and cement industries, accusing them of cartelisation and hindering India's infrastructure growth.


          Speaking at the IECRP 2025 exhibition, he remarked, “Steel and cement industries are in the hands of a few people.

          They always decide the rates. Their cartelism is a big problem for the country.”

          This is not the first time Gadkari has raised concerns about the industries’ pricing practices. In January 2021, he had written to the Prime Minister, alleging that major players in these sectors were artificially inflating prices, making it difficult to achieve the government’s vision of a $5 trillion economy.

          Addressing the ‘CRISIL India Infrastructure Conclave’ in 2023, he reiterated,“The steel industry and cement industry...

          whenever they get the chance, they make the cartel and increase the rate.”

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