FICCI under aegis of the Competition Commission of India organised the Regional Workshop on Competition Law in Srinagar — the first such engagement with stakeholders in Jammu and Kashmir since competition law was extended to the territory.
Ravneet Kaur, Chairperson, CCI, delivering the keynote address, underlined that fair and competitive markets are the bedrock of a market economy and ensure that the market rewards innovation and merit rather than exclusionary or exploitative conduct.
Referring to the significant expansion in sectors like tourism, agriculture and horticulture in Jammu and Kashmir, Hon’ble Chairperson emphasised, “Fair and competitive markets will ensure that this potential translates into real opportunity — and that Jammu and Kashmir’s small enterprises and startups are equipped to claim their share of it”. Chairperson further pointed out that the region contributes less than one percent to India’s GDP at present, and the headroom for growth is enormous. She assured that the Commission exists as a safeguard ensuring that even MSMEs and start-ups can compete freely and fairly — noting that in nearly seventeen years of existence, CCI has not blocked a single merger, reflecting its commitment to enabling growth rather than creating adversarial hurdles for businesses.
The Workshop, through focussed sessions, discussed ‘Enforcement of Competition Law’, ‘Digital Markets and the Opportunities they offer’ and how ‘Competition Law ensures a Level Playing Field in Evolving Markets for MSMEs and Start-ups’.
Sweta Kakkad, Member, CCI, highlighted the emerging competition concerns in a world of e-commerce.
