Fujitsu-Panasonic-DBJ joint venture gets CCI nod
Fair trade regulator CCI has approved the proposed joint venture between three Japanese entities — Fujitsu, Panasonic and Development Bank of Japan — saying that the deal does not raise anti-competition concerns in India.
Fujitsu and Panasonic have presence in India, while Development Bank of Japan, owned by the government of Japan, does not have any operations here. As per the deal, the proposed joint venture would ‘specialise in system large-scale integration design and development of certain logic integrated circuit products’.
A pact in this regard was inked earlier this year between Fujitsu, Fujitsu Semiconductor Ltd (FSL) and Panasonic. Besides. The Competition Commission of India said that ‘the proposed combination is not likely to have an appreciable adverse effect on competition in India’. The panel observed that Fujitsu and its subsidiary, FSL, have had no sales of logic IC products in India in the last two financial years.
‘As regards Panasonic, as per the information provided in the notice, the only affiliate that sells semiconductor/logic
IC products into India is Panasonic Asia Pacific based in Singapore, which has insignificant sales of semiconductor/ logic IC products in India,’ CCI noted.