PF and ESIC should be mandatory for real estate employees, Piyush Goyal said – ‘Builders must work honestly’
New Delhi| Union Commerce and Industry Minister Piyush Goyal asked the real estate industry to provide guarantee of ESIC and provident fund registration for seven crore people working in this sector. This sector should think whether we can ensure guarantee of ESIC and Provident Fund registration for all the seven crore workers and women working in this sector.
On November 25, Credai came up with a proposal after discussions with its 14,000 members, Goyal said Tuesday at a conference of Credai, an organization of the real estate industry. We will talk. Credai has its 25th anniversary on November 25. If the industry ensures guarantee of ESIC and PF registration, it will have many positive effects. This number will increase further in the coming years. This step will increase the capabilities and efficiency of the people working in this field. This will improve the quality.
Goyal said, he assured the real estate traders that he will raise the issue of providing easy funding to the real estate sector like other industries with the Reserve Bank of India. Will talk to state governments and urban local bodies for faster approval for real estate projects, provided builders promise to do business honestly and transparently. Now we have a more honest system. Thankfully, many unscrupulous developers are now out of the market.