Cement manufacturers lash out at builders for ‘diversionary tactics’
January 12, 2021
N Srinivasan, Vice Chairman & Managing Director, India Cements.×
This is probably the first-ever strong reaction from cement body to the accusation of cartelisation by real estate firms
Cement manufacturers in the south have urged Prime Minister Narendra Modi to take steps to break the real estate builders lobby that indulges in diversionary tactics to protect the exorbitant margins they were making in sale of house prices without clean records.
This is probably the first-ever strong reaction from cement manufacturers to the accusation of cartelisation by real estate firms and recently by Union Minister of Road Transport Nitin Gadkari .
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