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dated May 2, 1956: State trading in cement

The Minister for Commerce and Industry, Mr. T.T. Krishnamachari, said in the Lok Sabha on April 30, "Very soon, we shall be able to announce an arrangement by which the State trading organisation will take over the import and distribution of cement." Replying to a half-an-hour discussion on the subject raised by a Communist member, he said, "We have now decided to have a large measure of control over distribution, because we have to tide over a period of two years certainly, and, perhaps, even more, when stricter control over movement will have to be maintained. The State trading organisation that we are setting up will take over control over distribution in the same way as it is being done for iron and steel."

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