India antitrust body raids cement giants UltraTech
#0183;#32;Cement sales in India stood at 9 billion in 201920. Indias commerce minister Piyush Goyal last year told parliament the CCI was examining complaints of cartelisation by cement companies. Given the impact of Covid19 on the industry, the latest raids could add to the pressure, said Rudresh Singh, an antitrust partner at Indias Lamp;L Partners.