Team Blitz India
NEW DELHI: The Competition Commission of India (CCI) Chairperson Ravneet Kaur said the regulatory body was in the process of notifying the new merger control and the deal value threshold.
She highlighted that there is a significant shift as countries revamp their competition laws to address the complexities introduced by new-age markets. “There has been a marked increase in scrutiny of major technology companies by competition authorities around the globe… Our goal is to ensure that competition law enforcement evolves in tandem with these innovations, safeguarding the interests of consumers,” Kaur said.
Addressing the CCI’s 15th foundation day, Kaur said that with data becoming an important resource, there was a concern of data dominance by companies where control over large data sets can create insurmountable barriers to entry.
“Many digital markets are characterised by platform business models where a single entity controls access to a wide range of services. This raises issues of platform neutrality, especially when the platform also competes with the businesses that rely on their infrastructure,” Kaur said.
