CCI fines cement firms for cartelisation

  1. Their umbrella association- Cement Manufacturers Association (CMA) has also been penalised for cartelisation
  2. Why? Complaint filed by Builders Association of India against the cement companies and the CMA, alleging contravention of certain provisions of the Competition Act 2002
  3. The companies used the platform provided by the CMA and shared details relating to prices, capacity utilisation, production and dispatch and thereby restricted output and supplies
  4. CCI: It is detrimental to the interests of consumers and the economy as cement is a critical input in construction and infrastructure industry

Leave a Reply

Please Login to comment
Notify of