India: Nitin Gadkari, the Minister Of Road Transport And Highways, says that the government is considering taking action against cement producers for cartel activity, according to the ET Now television channel. The sector has faced various claims of alleged cartel-like activity. In early 2017 the Competition Commission of India found seven cement companies guilty of bid rigging and cartelisation and imposed a total fine of nearly US$30m on them. This followed a US$1bn fine levied on ACC, ACL, Binani, Century, India Cements, JK Cement, Lafarge, Ramco, UltraTech, Jaiprakash Associates and the Cement Manufacturers Association in August 2016.
Indian government considering action against cement producers for cartel activity
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