competition policies.
The Commission also undertakes competition advocacy.
It is also the antitrust ombudsman for small organizations.
The CCI will also scrutinize any foreign company that enters the Indian market through a
merger or acquisition to ensure that it abides by India’s competition laws – the Competition
Act, 2002.
CCI also ensures interaction and cooperation with the other regulating authorities in the
economy. This will ensure that the sectoral regulatory laws are agreeable with the competition
laws.
It also acts as a business facilitator, by ensuring that a few firms do not establish dominance in
the market and that there is a peaceful co-existence between the small and the large
enterprises.
Competition Commission of India – Challenges
The CCI faces multiple challenges while implementing the Competition Laws. The challenges can
be both internal and external.
The constant and continuous change in the way businesses are undertaken and the evolving
antitrust issue is proving to be a significant challenge for the CCI.
The emerging business models are based on a digital economy and e-commerce. This proves to
be a problem for the CCI as the current competition laws talk only of assets and turnovers.
The number of benches of the CCI has to be increased to pronounce judgments more speedily
on the competition cases.
The inclusion of parameters in the competition and antitrust laws such as data accessibility,
network effects, etc. is important to ensure that the Competition laws are relevant in a digital
economy.