Countdown

  • SENSEX
    NIFTY 50
VIDEOS
Business

SC construction ban to hurt daily wage workers, says CREDAI chairman

Updated : September 03, 2018 02:19 PM IST

The Supreme Court on Friday banned all construction activities in Maharashtra, Madhya Pradesh, Uttarakhand and Union Territory of Chandigarh citing the failure of these states and the UT to implement a solid waste management policy. The ban may have dimmed hopes of a revival for the sector.

Ashok Chhajer, chairman and managing director of Arihant Superstructures and Getamber Anand, chairman of CREDAI spoke to CNBC-TV18 about the impact of the SC ban on the industry.

According to Anand, "Industry view is that solid waste is not generated from construction alone, it is also generated from waste in the subji mandi markets, improper waste collection etc. So to blame only construction industry is not right."

"After agriculture, construction and real estate are the only two industry that employ uneducated Indians, who have no other means of livelihood. The industry employs about 5 crore people and a ban could be bad for these daily wage workers. Instead of banning they should penalise the concerned states and give them a time line to complete whatever they want," said Anand.

The industry will try to get an early meeting with the concerned authorities but this kind of ban would have a domino effect. “Anything which is stopped today, to restart would take double the time, said Anand.

Chhajer said the construction work across their projects, and for other developers has also stopped.

"Industry and state government will try to get interim relief against the Supreme Court order," said Chhajer. According to him, whenever unskilled labour is out of job, the crime rates go up.

"For the company per se, they do construction of about Rs 80-90 crore per month and that would be revenue loss," said Chhajer.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV