Builders go on one day nation-wide strike against rise in price of steel and cement
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Mumbai: Builders and related construction activity members have stopped work today (February 12) as part of a nation-wide strike called for by the Builders Association of India (BAI). The main demand is to set up steel and cement regulatory authority to control the prices.
Builders of Association(BAI) is an apex all India body of Engineering Construction Contractors and Real Estate Companies founded in 1941, with more than 20,000 business entities as members through its 200 plus centres (Branches) throughout the country. Moreover, the regional associations affiliated to BAI form indirect membership of more than 1,00,000. In an official release issued it stated that construction is one of the most important economic activity contributing maximum GDP Growth and accounts for more than 50 per cent of total plan outlay.
Mumbai: Nationwide strike held by BAI against rise in price of steel and cement
The Builders Association of India (BAI) held a one day nationwide strike on February 12 to protest against the unethical practices in cement and steel industries and to demand a separate constitution of a regulatory authority. Hit badly by the cartelisation and artificial price hike by cement and steel manufacturers and stakeholders representing construction, the real estate industry in the Mumbai Metropolitan Region (MMR) participated in the protest in large numbers in a bid to attract the attention of the government authorities towards the menace, a BAI press release stated.