The Indian Competition Authority fines manufacturers associations for bid rigging in public procurement program for ethanol, ignoring market economics (ISMA Indian Sugar Mills Association / EMAI Ethanol Manufactures Association of India)

CCI imposes penalty on Sugar mill manufacturers and Trade Associations (ISMA and EMAI) for collusive bidding in Government tender under the Ethanol Blending Programme* The Competition Commission of India (CCI/Commission) vide order dated September 18, 2018 has imposed heavy monetary penalties at 7% of their average relevant turnover on sugar mills in Uttar Pradesh (UP), Gujarat and Andhra Pradesh (AP) and at 10% of the average receipts of the last three years on their trade associations (Indian Sugar Mills Association (ISMA) and Ethanol Manufactures Association of India (EMAI) for indulging in cartelization in supply of ethanol in response to a joint tender issued by three Oil Marketing Companies (OMCs) i.e. IOCL, HPCL & BPCL for procurement of ethanol for the ambitious Ethanol

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  • Vaish Associates, Advocates (New Delhi)

Quotation

Man Mohan Sharma, The Indian Competition Authority fines manufacturers associations for bid rigging in public procurement program for ethanol, ignoring market economics (ISMA Indian Sugar Mills Association / EMAI Ethanol Manufactures Association of India), 18 September 2018, e-Competitions Bulletin September 2018, Art. N° 89533

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