CCI needs to be abreast of global best practices on mergers: FM Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said the Competition Commission of India (CCI) would need to keep pace with global developments on the merger and acquisition front and combine them with Indian laws.

Speaking at the launch of CCI’s new offices in Navi Mumbai, the finance minister stressed upon the need for the federal competition watchdog to communicate more.

“As we move towards a digital economy, the challenges that digitisation brings are also very important for us, we can’t ignore them. They are very important issues, particularly for competition authorities. It will also be benchmarked against global best practices,” the FM said.

Sitharaman