Hopes for a concrete solution on the issue as the government takes up the
steep price hike issue with the Cement Manufacturers Association
In order to further steer up the demand for roll back of
steep and unjustified hike in cement prices and with the growing support for
the JAC decision of Cement Purchase Holiday, the JAC of builders in Telangana
and Andhra Pradesh represented by The Confederation of Real Estate Developers’
Associations of India (CREDAI) along with all its chapters in Telangana and
Andhra Pradesh, Andhra Pradesh Real Estate Developers' Association (APREDA),
Telangana Real Estate Developers' Association (TREDA), Builders Association of
India (BAI) & Telangana Builders Federation (TBF), representing 2000 strong
developers community along with 1000 small, medium & mega contractors have
unanimously decided to extend the cement purchasing holiday by a week from 19th July,
2014 to 26th July, 2014.
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| Team Members of Joint Action Committee |
With this decision the JAC along with all its members,
has entered into the third week of Cement Purchase Holiday. In wake of the
massive impact of this movement, Telangana government has initiated the
discussions with JAC and the Cement Manufacturers Association (CMA).
Further
the government has promised to re look at the cement prices and have assured of
a positive outcome. As the discussions between the Telangana Government and CMA
are still in progress, JAC has decided to extend the Cement Purchase Holiday by
a week.
The JAC is also expecting a positive outcome of reduction in cement
prices from the ongoing dialogue, which is essential to safeguard the interests
of the individuals and the construction industry, the 2nd largest employer
having significant multiplier effect on the economy of the country.
The movement which started against the unwarranted price
hike and cartelization of cement manufacturers has now entered into its third
week and has gained tremendous empathy and support during the period. It may be
recalled that last month the cement manufacturers increased cement prices
unwarrantedly across the southern states, which forced the financially
struggling real estate community to stand and condemn the act.
The JAC stands united
with its demand for cement manufacturers to avoid cartelization to affect an
increase of up to 50% in both the states and roll back the steep hike to a
justifiable increase in prices. As such unreasonable increases in prices are
going to affect the common man and act as a roadblock to the development of the
country.
For Media contact
Nishanth
M: 98840 70861
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