Builders Association to set up Rs 3,000 cr cement plant in AP

"As government and judiciary have failed to rein in the cement manufacturers from increasing the price arbitrarily, members of the BAI have decided to set up the plant," BAI National President Cherian Varkey told reporters here.

The plant would have a production capacity of 10 million tonnes per year and is expected to be ready in two years time, he said.

"2500 hectares have been purchased by the association. The money will be raised from the association's 12,000 members and 40,000 affiliated members all over the country," former BAI President Bhaghwan Deokar said.

While the minimum contribution from each member will be Rs 10 lakh, the maximum contribution would be of Rs 5 crore.

Also, similar plants would be set up in Karnataka, Gujarat, Rajasthan and Chattisgarh.
Of late, the manufacturers of major construction materials like cement and steel have started increasing the price by indulging in unfair trade practises, the association said.
Under the free economy, consolidation of cement and steel industry gathered momentum resulting in unfair monopolistic trade practises which are detrimental to the Construction industry, it added.

BAI is an apex body of Engineering Construction Contractors and Builders.