On Wednesday, the Builders'' Association of India called for a full ban on exports of cement due to frequent price hikes led by shortages in the local market. The association also asked the government to set up a regulatory authority to control high cement prices.
"An important factor affecting the building industry is the fact that after December 2008, the government levied an 8 per cent duty on imports. This indirectly helped cement manufacturers and led to unjust price hikes," said association secretary Anand J Gupta.
The ongoing increase in cement price has hit the construction industry hard. At present, the housing sector consumes 55 per cent of cement while infrastructure sector uses 35 per cent, with the remaining 10 per cent going towards other products.
"An important factor affecting the building industry is the fact that after December 2008, the government levied an 8 per cent duty on imports. This indirectly helped cement manufacturers and led to unjust price hikes," said association secretary Anand J Gupta.
The ongoing increase in cement price has hit the construction industry hard. At present, the housing sector consumes 55 per cent of cement while infrastructure sector uses 35 per cent, with the remaining 10 per cent going towards other products.
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