Govt unlikely to lower excise duty in cement sector: Unicon

Given the backdrop of Government thrust to accelerate economic growth, cement industry is expecting a reduction in excise duty. However, Unicon Investment says that the government is unlikely to reduce excise duty in this sector.

February 18, 2011 / 20:17 IST

The cement industry is expecting a reduction in excise duty. However, Unicon Investment says that the government is unlikely to reduce excise duty in this sector.

With country's GDP pegged to grow more than 8% annually going forward, cement industry is likely to grow in double digit over long term and outlook for demand remains positive, says Unicon Investment.

first published: Feb 18, 2011 05:55 pm

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