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Cement Manufacturers 039 Association Names Jk Lakshmi Cement 039 S Chouksey As President

Author: 1stKeys

Cement Manufacturers' Association (CMA) on Monday replaced OP Puranmalka, managing director of Ultratech Cement as president and named Dr Shailendra Chouksey, whole-time director of JK Lakshmi Cement, as its new president. 

Earlier Chouksey was the vice-president of the association. The association names a new president after every 2 years. 

With nearly 40 years of industry experience, the newly-elected president of CMA has a Ph.D in managerial economics. He has done his MBA in marketing from FMS, Delhi and carries a prost graduate degree in physics. 

The cement industry has been combating with demand turmoil and remunerative cement prices for last 2-3 years. Chouksey, as the new president, will actively engage with the Government of India and other stakeholders to spur the demand of cement. 

"As the newly elected president of the CMA, my priority is to device methods to work with different stakeholders, including the Government of India to spur the cement demand," he said adding that most of us are unaware of the work that has been done by this industry in terms of achieving the efficiency levels. "Indian cement industry is the second largest industry in terms of capacity, he pointed out." 

Meanwhile, CMA in its Annual Report 2014-15 made some pre-budget suggestions to the finance minister. The association urged the Centre to lower the tax burden; rationalise and simplify excise duty; increase abatement percentage and levy custom duty on cement imports. 

"Cement is taxed at 60% of ex-factory price - it is even more than the tax levied on the luxury items. We urge the Government to lower the tax burden by at least 20% to 25% from the present level," Chouksey said. 

"We further ask the government to reduce the excise duty from 12% to 6-8% without any addition of specific duty," he urged. 

National Council of Applied Economic Research (NCAER) in one of its earlier recommendations said that the existing abatement of 30% given to the industry may be increased to 55%.

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