The fight between builders and cement manufacturers has reached the Competition Commission of India (CCI), the fairplay watchdog. The Confederation of Real Estate Developer’s Associations of India has filed a complaint with CCI against cement manufacturers, accusing them of unduly increasing the cost of cement.
In its submission, CREDAI has said the cost of raw material used in manufacturing the cement has come down from January 2015, but the cement companies have increased prices, instead of passing the benefit.
Despite low demand, the prices of cement have jumped by 20-40 % in all major cities over the last few months.”Despite reduction in the cost of raw material for cement production since January 2015, the cement manufacturers indulge in practices that control the prices of cement,” Credai national president Getamber Anand said.
Full content: CemNet
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI