Stone quarry operators refute allegation of forming syndicate, deny escalation in cost of building materials
The Stone Quarry, Crusher and Lorry Owners’ Association has denied allegations of price fixing and artificial scarcity in the construction materials market. The association maintains that prices are set according to government guidelines despite claims of a syndicate.
Why it matters
Market competition and the pricing of essential construction materials directly impact the affordability of infrastructure and housing projects.
The Stone Quarry, Crusher and Lorry Owners’ Association has denied any spurt in the price of gravel, M-sand and p-sand, and maintained that allegations that have surfaced to that effect was contrary to truth.
The article presents both the association's defense and the allegations made by the federation and activists.
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