Appoint regulatory authority to rein in cement manufacturers: Builders’ Association of India

BAI Secretary Phani Kumar said that as per the data of 2011 Census, only 31 per cent of the total population in India dwells in urban areas.

Published: 14th February 2019 07:55 AM  |   Last Updated: 14th February 2019 07:55 AM   |  A+A-

By Express News Service

VIJAYAWADA: The Amaravati Centre of Builders’ Association of India (BAI) has appealed to the State Government to appoint a ‘Cement Regulatory Authority’ in Andhra Pradesh to rein in cement manufacturers from cartel on the lines of authorities like Security Exchange Board of India, Telcom Regulatory Authority if India, Insurance Regulatory & Development Authority of India and Real Estate Regulatory Authority.

BAI (Amaravati) chairperson
A Nagamalleswara Rao | P Ravindra Babu

Addressing a press conference here on Wednesday, BAI Amaravati Centre chairperson A Nagamalleswara Rao said that the construction sector was reeling under crisis with companies increasing the prices of cement unilaterally. Earlier this month, cement manufacturers had increased the price by `100 per bag and now it has reached `325 per bag.

The sudden revision of prices act as hurdles in the path of completing projects on time for the construction sector, he said. At present, the housing/real estate industry consumes around 65 per cent of the cement produced, followed by the infrastructure sector, which consumes 18 per cent to 20 per cent of the cement produced. The rest of it is consumed by other industry and retail consumers, he said.

BAI Secretary Phani Kumar said that as per the data of 2011 Census, only 31 per cent of the total population in India dwells in urban areas. In most of the developed countries, this percentage ranges from 60 to 80 per cent. He underlined the role of the construction sector in development of the country and opined that cement price revision should be done timely and in a proper manner.

Cement significant

Around 50 million workers and 250 allied industries depend on the construction sector for their livelihood and business respectively

Stay up to date on all the latest Vijayawada news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp