Condemning the price difference of more than Rs 100 behind per 50kg bag cement between Karnataka and Maharashtra, the Cement vendors in Belagavi district have stopped purchasing cement from the respective companies.
Many builders were buying from neighboring states as the cost was less. Due to this, business of the local vendors is largely hit since past six months.
According to The Belagavi District Cement Dealers Association (BDCDA), Cement Industries Association (CEA) is creating artificial scarcity of cement in Karnataka to sell the material in high cost, which is illegal. The cost of cement is sold in Karnataka is around 25% more compared to Maharashtra, Andhra Pradesh, Tamil Nadu and Gujarat.