BAI holds nationwide strike against rise in price of steel and cement

MUMBAI: 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. Mohinder Rijhwani, chairman, BAI Mumbai Center said, "BAI has been continuously raising this issue at various forums. It is also fighting a legal battle and has approached the government authorities against the unethical practices." -