India: Cartels, Monopolies

Cartels remain the most serious form of anti-competitive conduct under competition law. By coordinating prices, restricting output, rigging bids, allocating customers, or dividing territories, cartel participants replace competitive market forces with collusion, causing significant harm to consumers, businesses, and the economy. Such arrangements typically operate in secrecy, making detection one of the most challenging aspects of competition law enforcement worldwide.

On April 4, 2022, CCI penalised 9 (nine) companies including M/s Toyfort for indulging in a bid rigging cartel in the e-tenders floated by the Department of Agriculture...

The Government of India introduced the Competition Act (the Act) in 2002, with the vision to promote and support market competition, safeguard the interest of consumers, and ensure equality of trade.