New Delhi, Aug 9: Heads and senior representatives of BRICS competition authorities held a meeting in Udaipur under India’s BRICS Chairship 2026, reaffirming their commitment to strengthen cooperation on competition law and policy and promote fair and competitive markets.
The meeting was organised by the Competition Commission of India (CCI) on August 8 and focused on addressing emerging challenges in competition enforcement, particularly those arising from digital markets, new technologies and the global energy transition.
In her inaugural address, CCI Chairperson Ravneet Kaur highlighted the shared responsibility of BRICS competition authorities to preserve and promote competitive markets that foster “efficiency, consumer welfare, innovation, and opportunities for businesses to compete on merit”.
She said the increasingly cross-border nature of digital markets and emerging technologies made sustained cooperation and knowledge-sharing among BRICS competition authorities essential for developing “informed, effective, and future-ready approaches to competition enforcement”.
Referring to the global shift towards renewable energy and sustainability, Kaur said continued collaboration among BRICS competition authorities would help foster fair and competitive renewable energy markets while advancing the shared objectives of sustainable growth and energy security.
She also stressed that amid changing market dynamics and emerging enforcement challenges, competition law interventions must remain “principled, evidence-based, and firmly anchored in the core objectives of competition law”.
During the meeting, the Heads of BRICS Competition Authorities exchanged views on recent developments in competition law and policy in their respective jurisdictions, including major enforcement initiatives, institutional developments and emerging challenges in domestic markets.
As part of India’s BRICS Chairship, the CCI also led a collaborative study titled “Emerging Competition Landscape in the Renewable Energy Sector in BRICS”. The study sought to improve understanding of evolving competition dynamics in renewable energy markets across BRICS countries and identify areas for future cooperation. Its key findings were presented at the meeting.
The meeting adopted a Joint Statement of Heads of BRICS Competition Authorities titled “Strengthening Cooperation to Promote Fair Competition, including in Renewable Energy Markets”.
Brazil’s Administrative Council for Economic Defense (CADE) also briefed participants on preparations for the 10th BRICS International Competition Conference, scheduled to be held in Brazil in 2027.
The meeting concluded with the Heads of BRICS Competition Authorities reaffirming their commitment to continued cooperation, dialogue and knowledge-sharing to strengthen competition enforcement and address emerging challenges in increasingly interconnected markets.
