Builders associations take action against cement price hike in Telangana
A Joint Action Committee (JAC) comprising of Confederation of Real Estate Developers’ Associations of India (CREDAI), Telangana Real Estate Developers’ Association (TREDA), Builders Association of India (BAI), Telangana Builders Federation (TBF), Telangana Developers Association (TDA) and other small and big member groups has reacted angrily against a 60% increase in the price of cement in Telangana. The group has described the rise as ‘unjustified’ and has asked cement producers to rescind the increase, according to the Hindu newspaper.
S Ram Reddy, president of CREDAI and chairman of the JAC said that fuel and power costs had not increased for cement producers. He added that the JAC had failed to obtain a response from the Cement Manufacturers Association on the issue. The developers are considering options including importing cement into the state from the international market. They are also planning to meet Prime Minister Modi with a request to constitute a body to regulate the cement industry.
"I was surprised by the large number of participants in the Conference. It indicates that the cement industry is interested in the demand of cement, which very closely connected to the s...
Michael Weingaertler, construction market expert, Austrian Institute of Economic Research (WIFO), Austria
"Well-organised, excellent speakers and high participation — a very beneficial event!"