Sun, Oct 23, 2016 | updated 11:40 AM IST

Finolex Industries to support affordable housing schemes with subsidized PVC pipes, fittings

Updated: Sep 22, 2016 15:06 IST

New Delhi [India], Sep 22 (ANI): India's largest PVC pipes and fittings manufacturer Finolex Industries has announced its support to the Prime Minister Narendra Modi's 'Housing for All' mission.

All new construction that comes within the category of affordable/low cost housing, which is approved by the Government of India under 'Pradhan MantriAwasYojana' will be offered plumbing and sanitation solutions of PVC pipes and fittings at subsidized rates by Finolex Industries Limited.

This initiative was announced at the CREDAI - National Executive Meeting and Governing Council (ECGC) President's Conclave at Hotel Westin (Pune).This was one of the biggest conclave consisting of 300 delegates (comprising of 165 City Presidents and 23 State Presidents and members of Executive Committee of the CREDAI National), the conclave touched upon core issues like the Real estate (Regulation and Development) Act 2016, the latest on GST Law, the most ambitious vision of Govt. of India 'Housing for All by 2022' and Swach Bharat Abhiyan.

"Our endeavor is to lead from the front in finding solutions to challenges faced by the industry and augmenting the 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," said Executive Chairman Finolex Industries, Prakash Chhabria.

"We will offer PVC pipes and fittings at subsidized rates to affordable housing schemes under the 'Housing for All by 2022' vision of our Prime Minister Narendra Modi," added Chhabria.

Real Estate is not only one of the major contributors to India's GDP, but also is the second largest employment provider in India.

A lot of emphasis has been shared on low cost housing by our Government and the same was highlighted through the sessions at the conclave. The power-packed enlightening sessions had detailed discussion on Smart Cities, forward looking trends in the real estate industry.

The event also witnessed Chief Minister of Maharashtra Devendra Fadnavis, Guardian Minister of Pune Girish Bapat, Prakash Chhabria, Executive Chairman, Finolex Industries Ltd., Getamber Anand amongst others. (ANI)