The Himachal Pradesh government warned the cement companies that it would remove incentives offered to them if they refuse to reduce prices. The announcement comes after a meeting between the Himachal Pradesh industries minister and cement companies failed to yield the desired result.The price of a cement bag in the state is at least Rs 30 more than the neighbouring states. The state industries minister Kishan Kapoor issued the warning over the weekend saying the government was considering withdrawing incentives being offered to the cement industry in the hill state . He said the companies were making huge profits by selling cement at high prices . Kapoor says the incentives to cement companies amounts to Rs 350 crore per year. The government is considering withdrawing transport and power subsidy among other incentives.