Coimbatore: Eight construction associations in the district would protest the abnormal increase in steel and cement prices on Friday by boycotting work. Around 10,000 small and medium builders and contractors and more than 50,000 construction workers would participate in the one-day strike.
Representatives of the associations said the sudden hike in prices have affected construction contractors, who are unable to complete the projects within the estimated price. They said the common people, who have begun building houses with all their savings, have also been hit by the price rise.
The associations, including the Association of Consulting Civil Engineers, Builder’s Association of India, Contractor’s Welfare Association, the India Institute of Architects and the Confederation of Real Estate Developers’ Associations of India, among others, have announced their plans to ceremoniously stop work on Friday. “We will also take out a procession to Chidambaram Park at VOC from the W
Builders to go on strike on February 12
Updated:
Updated:
The main demand of the builders is measures to control steel and cement prices
Share Article
The main demand of the builders is measures to control steel and cement prices
Builders and related construction activity members will stop work for a day on February 12, as part of a nation-wide strike called for by the Builders Association of India (BAI). The main demand is measures to control steel and cement prices.
The Joint Action Committee of Coimbatore representing the Association of Consulting Civil Engineers (India), Builders Association of India, Contractors Welfare Association, Coimbatore Builders and Contractors Association, Coimbatore Civil Engineers Association, Confederation of Real Estate Developers Association of India, The India Institute of Architects, and Paver Block Manufacturer Association has decided to take out a rally from the Women’s Polytechnic to VOC Park on February 12 and submit a memo
Updated Jan 10, 2021 | 15:25 IST
Gadkari said that the government has lined up infrastructure projects worth Rs 111 lakh crore in the next 5 years but there are bottlenecks owing to rising rates of steel and cement. There is a cartel : Union Min Gadkari lashes out at cement, steel players | Photo Credit: Twitter
New Delhi: Union Micro-Small & Medium Minister (MSME) Nitin Gadkari in a warning to the steel and cement industry said there are cartels in the sector which are taking advantage of the current situation in the real estate sector.
“There is a cartel in cement & steel industry. Every steel company has its own iron ore mines & there has been no increase in labour & power costs but they are increasing rates. It is difficult for me to understand (the reason behind it,” said Gadkari during an industry event on Saturday.
Union Minister for Micro, Small and Medium Enterprises (MSMEs) Nitin Gadkari on Saturday lashed out at Cement factories and said they are exploiting the present situation real estate market. Cement factories are exploiting the situation. It s not in national interests. We are planning to implement infrastructure projects worth Rs 111 lakh crores in the next 5 years. If rates of steel and cement continue like this, it ll be very difficult for us, said Gadkari while interacting with Builders Association of India, Western Region via video conferencing, the Minister said while interacting with Builders Association of India, Western Region via video conferencing. There is a cartel in the cement and steel industry. Every steel company has its own iron ore mines and there has been no increase in labour and power costs but they are increasing rates. It is difficult for me to understand (the reason behind it), Gadkari added.