Builders want more regulation in steel and cement

BL reports

The 22nd All India Builders Convention, which concluded here recently, called for establishment of an independent Ministry of Construction as the construction activity, with major thrust on infrastructure, being the key to achieve double-digit economic growth.....

Under free economy, consolidation in cement and steel industry has gathered momentum, resulting in "unfair, monopolistic trade practices detrimental to the construction industry," a press release said. A resolution called for establishment of a Steel Regulatory Authority and a Cement Regulatory Authority on the lines of SEBI, IRDA and TRAI.