Top 100 firm CEOs at CCI meet today
24 Jan 2013 8:17 AM IST
The Competition Commission of India (CCI) will meet top executives of India's 100 most valued companies on Thursday to sensitise them about fair trade practices and compliance with various competition rules. Corporate Affairs Minister Sachin Pilot, the Competition Commission of India Chairman Ashok Chawla and other senior members from the fair trade regulator would be among those present.
The meeting, first of its kind organised by the Commission, assumes significance amid increasing instances of complaints about companies abusing their dominant market positions or entering into anti-competitive pacts. CCI has been making efforts to create awareness among the corporates, general public and other stakeholders about healthy competition in the market place and its benefits for the overall economy.
'The meeting is basically aimed at creating an awareness among top corporates about various competition rules,' a CCI official said.
CEOs from country's top 100 companies — including 25 public sector enterprises — in terms of their market capitalisation on the BSE, have been invited for the meeting. Regarding the meeting, Chawla had said recently that 'CEOs would be able to ensure that big companies which could be, or which have the potential to be dominant players in their sectors and segments because of their size are fully sensitised to the Competition Act.
The meeting, first of its kind organised by the Commission, assumes significance amid increasing instances of complaints about companies abusing their dominant market positions or entering into anti-competitive pacts. CCI has been making efforts to create awareness among the corporates, general public and other stakeholders about healthy competition in the market place and its benefits for the overall economy.
'The meeting is basically aimed at creating an awareness among top corporates about various competition rules,' a CCI official said.
CEOs from country's top 100 companies — including 25 public sector enterprises — in terms of their market capitalisation on the BSE, have been invited for the meeting. Regarding the meeting, Chawla had said recently that 'CEOs would be able to ensure that big companies which could be, or which have the potential to be dominant players in their sectors and segments because of their size are fully sensitised to the Competition Act.
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