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Construction : Cement Update | November 2015 | Source : CW-India

CREDAI appeals against price cartelisation

Realty developers´ body, the Confederation of Real Estate Developer´s Associations of India (CREDAI), has approached the Competition Commission of India against cement manufacturers, accusing them of cartelisation. CREDAI has highlighted the violation by cement manufacturers of the commission´s ´cease and desist´ order of 2012. The 2012 order of CCI held that cement manufacturers had formed a price cartel and were fined nearly Rs 6,000 crore by the regulator.
 
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