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India: CCI clobbers cobblers for anticompetitive behavior

By  |  August 8, 2013

The Competition Commission of India announced a fine issued to eleven shoe-makers for anticompetitive behavior on Wednesday. Reports say the specific violations included rigging bids in a tender initiated by the Ministry of Commerce for the manufacturing of ankle boot soles. Further, the CCI issued a “cease and desist” order on the companies, barring them from such behavior in the future. The regulator first probed the issue following a complaint of bid-rigging by the Directorate General of Supplies and Disposals under the Commerce Ministry, which reportedly noticed patterns in the bids.

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    Full Content: The Hindu Business Line

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