Builders Association of India calls for cement regulatory body

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India: The Builders Association of India has asked the government to create a Cement Regulatory Authority to control the price of cement and prevent cartel activity in the sector. Avinash M Patil, national president of the BAI, told the Hindu newspaper that ‘most’ contracts in the construction industry have no price escalation clauses. Subsequently, unexpected jumps in the price of cement slow down project times. A delegation of the BAI is set to meet the prime minister to discuss the issue.

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URL: https://www.globalcement.com/news/item/5376-builders-association-of-india-calls-for-cement-regulatory-body

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