Over 10,000 builders blacklisted: ministry
Dec 29, 2011
Nearly three out of 10 builders were found to be disqualified for corporate registration in a government survey aimed at restructuring the overcrowded construction sector.Out of some 39,553 builders inspected in the three months through Dec. 16, 10,964 firms including paper companies failed to meet the requirements for registration, could not be located or refused the state survey, the Land Ministry said.The blacklisted companies will undergo hearings by local governments, and those found to hav