The ‘C’ Factor: Cement Industry in India – Unhealthy Oligopoly & Controls
Code : ECC0059
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Region : India |
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CEMENT INDUSTRY IN INDIA: |
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CARTELIZATION:
India had transitioned from state-based and licensed companies to competitive markets during the 1990s. De-licensing created a competitive market and determined price and output as per the market forces of demand and supply. .
ANTITRUST LAWS IN INDIA:
CCI was established on October 14, 2003, and it became fully functional in May 2009. The Act prohibited anticompetitive agreements and the abuse of dominant market positions, restricting the production of goods, or denying market access to competitors.
COMPETITION APPELLATE TRIBUNAL:
The Competition Appellate Tribunal (CAT) was established under the provisions of the Competition Act, 2002. It heard and disposed of appeals against any direction issued or decision made or order passed by the CCI under sub-sections (2) and (6) of sections 26, 27, 28, 31, 32, 33, 38, 39, 43, 43A, 44, 45, or section 46 of the Competition Act, 2002.
EXHIBITS:
Exhibit 1: Sales Value of 7 Cement Companies and the Total Sales Value of the Cement Industry,
Exhibit 2 Market Share of 7 Cement Companies during 1995 – 2017
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