Business

Indian Firms are Not Subject to Abuse from Foreign Entities – FinMin to CCI

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The Competition Commission should ensure that Indian enterprises are not subject to abuse from entities overseas, Union Minister Nirmala Sitharaman said on Friday.

Speaking at an event to celebrate ten years of Competition Commission of India (CCI), the Corporate Affairs Minister said the regulator has many challenges in the context of new economy.

In recent times, the watchdog has been dealing with many cases related to digital area.

The CCI should ensure that “Indian enterprises are not subject to abuse from companies existing somewhere else,” she said.

Sitharaman, who is also the finance minister, flagged the issue of competition sans frontiers that impacts Indian consumers.

To recall, in early this month CCI has ordered a probe against Intel Corp for alleged “unfair and discriminatory” provisions in warranty policy for boxed micro-processors sold in India.

In May this year, CCI had order an investigation into Alphabet Inc’s unit Google for allegedly abusing the dominant position of its popular Android mobile operating system to block rivals

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