CCI imposes Rs 302 cr penalty on Grasim Industries, Retail News, ET Retail

Davida Erdahl

New Delhi: The Competitiveness Fee has slapped a penalty of Rs 302 crore on Grasim Industries for abusing its dominant placement with regard to supply of a sure staple fibre to spinners.

Moreover, the firm has been directed to “stop and desist” from indulging in anti-aggressive techniques as nicely as place in spot a clear “price cut coverage” for all the market participants.

In a sixty-web page purchase, the Competitiveness Fee of India (CCI) explained the firm has abused its dominant placement in the market for supply of VSF to spinners in India by charging discriminatory selling prices to its customers, in addition to imposing supplementary obligations on them.

These are in violation of level of competition norms, it additional.

VSF is Viscose Staple Fibre (VSF) and is created as nicely as bought by Grasim Industries.

“Even though the firm is still to get the purchase of the CCI, it

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