Cartelization by Cement Manufacturers.

Press Information Bureau

Government of India

Ministry of Corporate Affairs

15-March-2012 16:48 IST

Cartelization by Cement Manufacturers

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the Competition Commission of India received two information about Cement Manufacturers – one filed by the Builders Association and another on transfer from Director General (IR) of the erstwhile Monopolies and Restrictive Trade Practices (MRTP) Commission, alleging unfair trade practices, controlling prices, limiting production, restricting supplies and collusive price fixing etc.

Replying to a written question the Minister said the SFIO has not looked into the matter of cartelization per se by cement manufacturers but has investigated some cement companies in respect of irregularities/contraventions of various provisions of the Companies Act, 1956.

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