BAI wants body to control cement price
Vijayawada: Builders Association of India (BAI), Amaravati Centre demanded that the government intervene in the abnormal hike in cement price overnight. In this regard the members of BAI organised a meet here on Wednesday.Addressing the media, BAI Amaravati chapter president Atlluri Nagamelleswara Rao alleged that cement company syndicate was a big mafia which was creating hurdles to the builders and real estate businessman.
He demanded that the government form a ‘Cement Regulatory Authority’ to have control over the price hike of cement.He said that on February 1, the cement companies announced ‘dispatch holiday’ for about 10 days and after that they sent shockwaves by increasing the cement price abnormally to the tune of Rs 100 a bag.He said that in the last four years the construction companies had gone through many hardships due to demonetisation, GST and cement price hike.
After taking the issue to the notice of the Central Financial Minister, they have reduced the price giving some relief and again in less than ten months they have increased the price abnormally.The members of BAI demanded that the government intervene and see roll back of prices.BAI general secretary T Vamsi Krishna, joint secretary P Nageswar, MB Phani Kumar president and others were present.