Question : INVESTIGATION OF POLYESTER COMPANIES BY CCI



(a) whether Competition Commission of India has conducted an investigation on top polyester and viscose fibre companies regarding fixing of cartel prices;

(b) if so, the companies which have been investigated in this regard;

(c) the outcome of the said investigation; and

(d) the action taken/being taken against the guilty companies?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS (SHRI R. P. N. SINGH)

(a) An information alleging cartelization by Synthetic Fiber Manufacturer Companies has been received by the Competition Commission of India (CCI). The Commission has directed Director General, CCI to conduct investigation in the said matter.

(b) to (d) The matter is still under investigation by Director General, CCI.