Pune-based pipes major Finolex Industries Ltd has announced that it will support ‘Housing for All’, a vision of Prime Minister Narendra Modi. The announcement was made recently at the CREDAI–National Executive Meeting & Governing Council (ECGC) President’s Conclave at Pune, where 300 delegates including 165 city presidents, 23 state presidents and members of executive committee of CREDAI National were present.
The company has announced that it will offer plumbing and sanitation products at subsidised rates to all new construction that comes within the category of affordable/low cost housing, and which is approved by the Government of India under Pradhan Mantri Awas Yojana.
Speaking on this occasion, Finolex executive chairman Prakash Chhabria said, “With increasing urbanization, mega-township and affordable housing is the need of the hour. Pipes and fittings are like the arteries and veins of the wall and are important to maintain sanitation and health of a building. I would like to announce in front of the meritorious dignitaries present at EC&GC that we will offer PVC pipes and fittings at subsidised rates to affordable housing schemes under the ‘Housing for All by 2022’ vision of our Prime Minister, Narendra Modi.”
Chhabria added that the company’s endeavour is to lead from the front in finding solutions to challenges faced by the industry and augment growth of the sector. “The real estate sector in the growing Indian economy has myriad opportunities to create a win-win scenario and smart environment for all stakeholders,” he remarked.