About 500 people including
builders / promotors and workers participated in the protest rally by BAI
(Builders Association of India) to voice their disapproval over the soaring
prices of cement and sand in the Tamil Nadu state.
Five associations including
CREDAI (Confederation of Real Estate Developers Association), Indian Institute
of Architects, Association of Licensed Building Surveyors, Association of
Consulting Civil Engineers and Coimbatore Civil engineers Association, joined
the protest.
Creating
Artificial Demand..!
 |
| Mr. R. Krishnasamy |
They alleged that the major
cement companies were creating artificial demand & increasing the prices of
cement.
Mr. R. Krishnasamy, Chairman, BAI - Coimbatore Centre , said, ''The CCI (competition commission of India) has acknowledged that
about 11 cement companies artificially increased the price by creating demand.
They slapped a fine of about Rs. 6,310
crore against the companies. However, instead of reducing prices, they reduced
production & created artificial demand and a hike in prices, he alleged.
This is not only affecting consumers.But also builders / promoters, who are
forced to increase the overall prices.
Mr. R. Krishnasamy also said,
''The cement prices per bag has increased from Rs.260 to Rs.330, a 20% increase
in the past 6 months, while the price of sand per unit had gone up to Rs. 5,500
from Rs.3,000. Due to the increase in sand price, the association had asked the
Tamil Nadu government to allow quarries to produce ‘manufactured’ sand."
Builders' Assocation of India - Coimbatore Centre
Veera Towers, 93-S, Krishnaswamy Road,
COIMBATORE- 641 001, Phone +91 422 2547070
Mobile : 98422 24146
E-Mail : baicbe02@gmail.com, buildersbeam@gmail.com
http://www.baicbe.org/
No comments:
Post a Comment