KOCHI:
Builder Association of India State committee has urged the government to announce separate package for the construction sector in view of the deep crisis due to the increase in prices and adverse climate during the Covid-19 pandemic.
The majority of the migrant labourers who were depending on the construction sector are now leaving the State. The builders, government contractors, lorry and tipper owners are now in a great debt.
Builders Association urged to bring petrol and diesel prices under GST and check the price hike of cement and other construction materials. They also said that the tender amount for construction should be increased on par with the hike in price of building materials.
The package should also contain 50 per cent advance amount for the government contract works, avoid NPA for bank loans, fund to protect the immigrant labourers and tax reduction for machineries and commercial vehicles. Association said that a meeting of all those connected with the construction should be convened at the earliest.
State president Najeeb Mannel presided over the virtual meet. National president R L Gupta, former national president Cherian Varkey, PRS Murugan, K Jyothikumar, Varghese Kannampalli, Alex Perumalil, Prince Joseph, Santhosh Babu, SA Reghuchandran Nair, VS Jayachandran, John Paul, Paul T Mathew, Harikumar and Rajeev Warrier participated.
more recommended stories
Tap Potential of Rural Sector for Building Social Enterprises: Experts at RIBC 3.0KASARGOD:The Third Rural India Business Conclave.
KSUM-backed Poster Maker Wizad Clocks 1 Lakh DownloadsKOCHI:Wizad AI Poster Maker, an app.
Include Financial Literacy in Academic Curriculum: Experts at Money ConclaveKOCHI:Experts today cautioned against using stock-market.
Fintech has World Following India: Experts at International ConclaveKOCHI:India’s achievements in the fintech sector.
MarketBytes WebWorks Opens New Office at Infopark CherthalaALAPPUZHA:Major digital solutions provider MarketBytes WebWorks.
KSUM Invites Applications for Fab Academy 2025 CourseKOCHI:Superfablab under the Kerala Startup Mission.
Invest Kerala Global Summit: Minister Rajeeve Launches “Unbox Kerala” CampaignTHIRUVANANTHAPURAM:Highlighting Kerala’s unmatched potential as a.
Inculcate Responsible Financial Management Among Public: MinisterKOCHI:The public must be made aware.
India Can Emerge World’s Leader in Real-estate Investment: Money ConclaveKOCHI:Real Estate Investment Trusts (REITs) are.
Two-day Money Conclave 2024 Summit to Begin on WednesdayKOCHI:Ministers P. Rajeev and K.N. Balagopal.