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Grasim alleged by over unfair pricing of VSF in the relevant market

Related Keywords: Aditya Birla group firm, alleged for discriminatory pricing ways, CCI, control volume of VSF production, cut down production, detailed probe called, different customers, dominant player, downstream textile products, Grasim Industries, increase price, offered different discounts, sale of VSF, textile manufacturers, Viscose Staple Fibre market, VSF

Aditya Birla group firm, Grasim Industries a dominant player in the Viscose Staple Fibre (VSF) market has been alleged for discriminatory pricing ways in the sale of viscose staple fibre (VSF). It is said that the company offered different discounts to different customers for the sale of viscose staple fibre.

The Competition Commission has called for a detailed probe by the Director General (DG) – its investigation arm against the Grasim Industries after prima facie finding evidence of competiton norms violations.

Surat powerlooms to keep units closed to cut down production

Related Keywords: anti-dumping duty on various yarns imported, cut down production, decide to keep units closed, economic downturn and the increasing prices of fuel and inflation, FOGWA, powerloom weavers owing to dwindling demand for fabrics, rising price of yarn, Surat biggest MMF centre, two days a week

Surat is the country's biggest man-made fabric (MMF) centre having over 6.5 lakh powerloom weaving machines, employing over 8 lakh workers manufactures over three crore meter of fabric per day. The Powerloom weavers owing to dwindling demand for fabrics and the rising price of yarn have decided to keep their units closed for two days a week to cut down production.

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