NCP important to deal with entry barriers: CCI Chairman
Press Trust of India, October 11, 2013
New Delhi: Fair trade regulator CCI Chairman Ashok Chawla today said the National Competition Policy will help in addressing entry barriers in both public and private sectors.
According to Chawla, it was important to adopt the policy in the country where the state still play a major role in the economic sectors. “The policy paradigm in the liberalised era still has an tilt towards control by the state…it is important to adopt National Competition Policy for India,” he said.
He was speaking at a seminar by non-governmental organisation CUTS on ‘National Competition Policy’. “The policy is important to tackle entry barriers that are inbuilt into the system and in larger sense the policy will lead to more robust economic welfare and provide governance to the country,” Chawla said.
Further, the Chairman noted that “policies prior to 1991 have been institutionalised and it is difficult to demolish such institutions”. “Thus, we need independent agencies to review such policies to make them competition compliant and more relevant,” he added.
Speaking at the event Planning Commission member Arun Maira said redesigning of institutions is needed to address challenges facing the policy. National Competition Policy committee former chairman Dhanendra Kumar: “While competition in markets will be monitored by the Competition Commission of India, anti- competitive outcomes of government policies, rules and regulations need to be reviewed through implementation of the competition policy.”
The policy broadly refers to government measures, policies and regulations aimed at controlling the behaviour of enterprises and structure of markets.