‘CCI will Focus on Boosting Enforcement, Leveraging Tech for Fair Competition’
The Competition Commission of India (CCI) is focused on enhancing fair competition within the nation by improving enforcement, fostering collaborations, and using technology strategically.
Key Focus Areas
- Enforcement Strengthening: The CCI aims to reinforce its enforcement mechanisms to better manage competition and curb anti-competitive practices.
- Collaborations Enhancement: By enhancing collaborations, CCI intends to foster a more cooperative environment for fair competition.
- Technological Leverage: Emphasizing the integration of technology to ensure a competitive market landscape.
Regulatory Approach
According to CCI's, there is a need for a nimble and proactive regulatory approach to address emerging market challenges, especially those driven by technology and innovation.
Recent Amendments and Initiatives
- Competition Act Amendments (2023): New mechanisms introduced, such as settlement, commitment, and deal value thresholds.
- Balance in Oversight: Striking a balance between effective oversight and a simplified regulatory regime is a priority.
Future Plans and Recruitment
- Hiring Domain Experts: Recruitment in fields like AI, data analytics, and digital markets to stay future-ready and tackle technological challenges.
- Market Studies: Conducting studies on competition issues related to artificial intelligence and renewable energy within BRICS nations.
