Anti-Competitive Agreement In Cement Industry

Setika Priyam, Amity Law School, AUUP, Lucknow Campus, Amity University

ABSTRACT

Numerous agreements are entered into by businesses with other businesses and firms for business expansion, growth, and innovative technological assistance. A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. The process is known as Cartelisation. It is a type of anti-competitive agreement that modern businesses have chosen to accelerate financial rewards.

This research paper delves into the prevalence and consequences of anti- competitive practices within the global cement industry. Cement is a vital component of infrastructure development, making it a key sector for economic growth. This study employs a combination of quantitative analysis and case studies to examine the impact of these practices on market competition, consumer welfare, and economic efficiency.

Keywords: Anti-competitive agreement; Cartel; collusion; cement; competition law