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Builders’ Association of India demands centre to curb cement price hike by INR 100

Infra News - Published on Fri, 15 Feb 2019

Image Source: SteelGuru
ET reported that the Builders’ Association of India demanded the Centre to constitute a regulatory authority to keep a check on carterlization by cement manufacturers which have jacked up cement prices by INR 100. BAI spokesperson Mr R Radhakrishnan said cement cost has skyrocketed in the past ten days. He said that “The price of cement bags (a bag comprising 50kg) has increased by 37%. The hike does not have any basis because the price of raw materials for manufacturing cement and fuel prices has not gone up.”

Accusing cement manufacturers of caterlisation, he said, the development has hit the common man.

Mr Radhakrishnan said that the Centre needs to constitute a regulatory body on the lines of RERA and TRAI for cement, the builders’ association charged that cement manufacturers have stopped supply of readymade concrete mixers. He added that the prices of cement have been invariably increased only in Tamil Nadu.

He said that BAI has sought the intervention of Tamil Nadu to control the escalating cement rates. He added that “Distribution of Amma Cement, an initiative of the state government to offer cement at affordable price for the general public, has come to a grinding halt. The chief minister must take immediate steps to control cement prices.”

He added that state government has taken stringent measures to reduce the scaling cement prices in the past, this has resulted in substantial drop of the key construction material. He added that “BAI had even sourced cement from neighbouring states and sold it to the public during similar crisis in the past. But, the cement cartel has shut that doors as well.”

Source :

Posted By : Rabi Wangkhem on Fri, 15 Feb 2019
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