Bangladesh Steel Manufacturers Association (BSMA) and Bangladesh Association of Construction Industry (BACI) will meet every three months to maintain stability in the construction sector.
In addition to the sky hike in the prices of Scrap and chemicals, the main raw materials of steel, container and ship fares have also risen in the last two years.
As a result, the production cost of rod has also gone up, having adverse impact on the country's construction sector. Due to the increase in expenditure, the country's construction companies are struggling to implement development projects within the estimated budget.
In this context, Infrastructure construction companies and raw material producers held a meeting at FBCCI office on Wednesday afternoon.
Chairing the meeting, FBCCI President Jashim Uddin called for resolving the problems in the construction sector through mutual cooperation and dialogue.
Responding to his call, the meeting decides that the entrepreneurs of the two sectors would sit in discussion every three months.
Former president of FBCCI Mir Nasir Hossain joined the meeting online.
FBCCI Senior Vice President Mostofa Azad Chowdhury Babu, Director Engineer Ghulam Mohammed Alamgir, Secretary General Mohammad Mahfuzul Hoque, BSMA President Manwar Hossain and BACI President Shafiqul Haque Talukder also were present.
