Builders are not contractors but creators of wealth, says Deputy CM Bhatti Vikramarka
"If a welfare State is to be implemented in the country, wealth is needed and governments can meet the welfare needs of the people only when wealth-creating institutions are established," he said.
HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka has said that the Congress Government in Indiramma's regime does not see builders as contractors but as creators of wealth. He assured that it is the Telangana Government's responsibility to protect and encourage people who create wealth.
Addressing the delegates at the 31st convention of Builders Association of India in Hitex on Sunday, Bhatti Vikramarka said that the contribution of contractors from Telugu States was amongst the highest in the construction sector in the country and builders from Telugu states were playing a vital role in creating wealth in the country. He added that it was the responsibility of governments to encourage such people.
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"India is a democratic and welfare State. If a welfare State is to be implemented in the country, wealth is needed and governments can meet the welfare needs of the people only when wealth-creating institutions are established. The idea of hurting wealth-creating institutions will not exist in Indiramma's Government," he said.
The Deputy Chief Minister expressed concern that leading construction companies were disappearing in the market due to financial difficulties and non-payment of bills on time by companies that had invested in the construction sector by taking bank loans. He said that Hyderabad is a very beautiful city and an ideal area for investment. He said that Telangana State is an ideal investment destination in terms of climate, economy and language.
Builders Association of India national president SN Reddy and chairman B Sreenaiah opined that contractors who had worked in the previous Government were hampered due to non-payment of bills by the Government. They asked for the pending dues by the Government be paid to contractors as soon as possible. They also appealed to the Government to give tax exemptions and concessions for contractors in irrigation projects.