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

Indian builders plan to import cement from Sri Lanka, China


Comments / 530 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

China goes in for radical economic and military reform to meet new challenges

22 July 2017

Even as war clouds gather over the Sino-Bhutan border where China’s real adversary is nuclear-armed India, China has announced its intention to thoroughly overhaul its military and economic structure and philosophy to meet challenges of the ...


Lest we forget: The anti-Tamil pogroms

22 July 2017

It is of no doubt, that Sri Lanka has tainted its history with the blood of the innocent. After gaining independence from the British we turned our attention towards, quite literally, “killing each other”. Some call it nationalism, som...


Quality of leadership key to performance

21 July 2017

Steve Jobs, Henry Ford and Lee Kuan Yew. What did these titans have in common? They had a clear vision of the future, and the leadership skills to manifest the future they desired. They also surrounded themselves with great people; delegated autho...


A temporary salve: Implications of an oil bear market on the Sri Lankan economy

21 July 2017

By Vishvanathan Subramaniam Sri Lanka’s fuel bill has been spiralling as of late. According to a recent Central Bank press release on external sector performance, petroleum purchases for the first four months of 2017 were estimated at $ 1....


Columnists More