Home / Business/ Indian builders plan to import cement from Sri Lanka, China

Indian builders plan to import cement from Sri Lanka, China


Comments / {{hitsCtrl.values.hits}} Views / Monday, 24 April 2017 00:28


IN-2

Builders associations JAC office-bearers during a media conference in Vijayawada on Saturday

By Express News Service

Vijayawada: In a bid to put an end to cartelisation by cement manufacturing companies in the State, the builders’ Joint Action Committee, which includes APREDA, CREDAI and CRBA, has decided to import cement from Sri Lanka, China and Bangladesh in protest of the abnormal hike of cement prices by manufacturers.

Importing cement from the eastern countries will help in reducing the per bag price by about INR 30, which will eventually benefit the consumers as construction prices will come down, the builders argued.

Addressing a press conference here on Saturday, JAC member C.H. Sudhakar said: “We have decided to import cement as the manufacturing firms have abnormally hiked the prices by over 60% without any reason. Cartelisation without a reason has become a regular phenomenon and hence we have decided to find an alternative for it,” he added.

It may be recalled that Chief Minister N. Chandrababu Naidu had directed cabinet ministers to form a subcommittee and have a dialogue with cement manufacturing firms on Monday.

“We will see the outcome of the meeting. Even if there is a positive response, we will keep channels of import open for the future also,” said APREDA President G.S.S. Prasad.

CRBA member V. Subba Rao said: “The realty sector is already in a slump after demonetisation. Now the price hike will have a negative impact on the sector.”

 


Share This Article


COMMENTS

Today's Columnists

It is an uphill task for the Govt. to attain the envisaged targets

Monday, 25 September 2017

In Part 1 of the article series on the Government’s Vision 2025 published last week (available at: http://www.ft.lk/columns/Vision-2025--Part-1--Need-for-moving-from-a-wish-list-to-a-concrete-plan/4-639757), it was pointed out that the present visi


Women for tourism

Monday, 25 September 2017

Tourism is one of the world’s largest and fastest growing industries. In many countries it acts as an engine for development through foreign exchange earnings and the creation of direct and indirect employment.


Turkey could be an additional player in South Asian affairs

Saturday, 23 September 2017

With improvement of ties with Bangladesh after the standoff over the 1971 war crimes trials, and with the strengthening of relations with Pakistan, an economically resurgent and politically ambitious Turkey may become a factor in South Asian affairs


Media Freedom: alive and not so well… is it?

Friday, 22 September 2017

Today the only corpses in sight are those lining the bullpen – critics and social commentators who have fallen asleep at their desks, lulled by a democracy that offers peace but pre-empts justice. Oscar Wilde,


Columnists More