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Unjustified hike in cement prices being pursued: AREIDA

By Staff Reporter
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GUWAHATI, June 16 - The Assam Real Estate and Infrastructure Developers� Association (AREIDA) stated in a statement here today that the Competition Commission of India (CCI) has been pursuing the issue of unjustified hike in the prices of cement and has by now appointed Navin Kamaujia as the investigating officer to look into the matter.

The AREIDA had filed a case with the CCI against three cement companies namely Star, Topcem and Dalmia Cements, in September 2016, in the wake of the exorbitant hikes these companies effected in their individual cement brands.

After preliminary inquiry, the CCI had registered a case against the three companies bearing Case No. 77/2016, under Section 19 (1) (a) of the Competitions Act 2002, for violation of Sections 3 and 4 of the Act.

AREIDA president PK Sarma said he was contacted today by the CCI and was informed that Navin Kamaujia has been appointed as the investigating officer and that the matter is being pursued in earnest by the CCI. The investigating officer has requested that he should be kept informed of all the new developments taking place in this respect.

The people of the North East have had to face the burden of the highest price of cement in the country, despite the fact that the cement industry is heavily subsidised by the Government of India, under the North East Investment and Industrial Policy.

Sarma said that the construction industry is facing an unprecedented crisis at present, also due to non-availability of stone chips and that the AREIDA has approached the government for a solution. �Following the Chief Minister�s intervention, we were today invited to a high-level meeting convened by Additional Chief Secretary KV Eapen at Dispur to address this crippling crisis,� Sarma said.

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Unjustified hike in cement prices being pursued: AREIDA

GUWAHATI, June 16 - The Assam Real Estate and Infrastructure Developers� Association (AREIDA) stated in a statement here today that the Competition Commission of India (CCI) has been pursuing the issue of unjustified hike in the prices of cement and has by now appointed Navin Kamaujia as the investigating officer to look into the matter.

The AREIDA had filed a case with the CCI against three cement companies namely Star, Topcem and Dalmia Cements, in September 2016, in the wake of the exorbitant hikes these companies effected in their individual cement brands.

After preliminary inquiry, the CCI had registered a case against the three companies bearing Case No. 77/2016, under Section 19 (1) (a) of the Competitions Act 2002, for violation of Sections 3 and 4 of the Act.

AREIDA president PK Sarma said he was contacted today by the CCI and was informed that Navin Kamaujia has been appointed as the investigating officer and that the matter is being pursued in earnest by the CCI. The investigating officer has requested that he should be kept informed of all the new developments taking place in this respect.

The people of the North East have had to face the burden of the highest price of cement in the country, despite the fact that the cement industry is heavily subsidised by the Government of India, under the North East Investment and Industrial Policy.

Sarma said that the construction industry is facing an unprecedented crisis at present, also due to non-availability of stone chips and that the AREIDA has approached the government for a solution. �Following the Chief Minister�s intervention, we were today invited to a high-level meeting convened by Additional Chief Secretary KV Eapen at Dispur to address this crippling crisis,� Sarma said.