CCI to meet execs of top 100 firms

Written by feBureau | New Delhi | Updated: Jan 24 2013, 07:28am hrs
The Competition Commission of India (CCI) has invited the top executives of nearly 100 of the country's most valued companies on Thursday to sensitise them about fair trade practices and compliance with various competition rules.

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.

Sachin Pilot, the minister for corporate affairs, Ashok Chawla, chairman of CCI and other senior members from the commission are also expected to address the top executives from India Inc.

The meeting, first of its kind organised by the CCI, 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.

Regarding the meeting, Chawla had said last month that the 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.

CCI, mandated to ensure fair play across all industries and act against any form of cartelisation, had held deliberations last month with representatives of 20 trade associations.