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CCI indicts jute industry for monopolizing and manipulating prices

Related Keywords: Competition Commission of India, jute bag, Jute Industry

The Indian Sugar Mills Association, All India Flat Tape Manufacturers Association and National Federation of Co-operative Sugar Factories had petitioned the Commission against the Indian Jute Mills Association (IJMA) and Gunny Trades Association (GTA), alleging rigging of jute bag prices on August 2 2011. The Competition Commission of India (CCI) has indicted the jute industry for monopolizing and manipulating prices of jute bags unjustifiably.

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