The Builders Association of India (BAI) has called for creation of a Steel Regulatory Authority and a Cement Regulatory Authority,
two new regulatory bodies for steel and cement sectors on the lines of SEBI, IRDA and TRAI, pointing to the alleged cartelisation
of cement and steel manufacturers. In a resolution passed, the BAI has said that manufacturers of major construction materials like
cement and steel started jacking up prices by indulging in unfair trade practice. Under free economy, consolidation of cement and
steel industry gathered momentum resulting in unfair monopolistic trade practices which are detrimental to the construction industry,
said Mr Cherian Varkey, President, BAI. May 3rd 2011, realtyplusmag
two new regulatory bodies for steel and cement sectors on the lines of SEBI, IRDA and TRAI, pointing to the alleged cartelisation
of cement and steel manufacturers. In a resolution passed, the BAI has said that manufacturers of major construction materials like
cement and steel started jacking up prices by indulging in unfair trade practice. Under free economy, consolidation of cement and
steel industry gathered momentum resulting in unfair monopolistic trade practices which are detrimental to the construction industry,
said Mr Cherian Varkey, President, BAI. May 3rd 2011, realtyplusmag
No comments:
Post a Comment