Union Finance Minister Presides Over 16th Annual Day of CCI

23 May 2025 CW Team

Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presided over the 16th Annual Day commemoration of the Competition Commission of India (CCI) in New Delhi on 20 May 2025. She highlighted CCI’s crucial role in safeguarding liberalisation and promoting an environment where enterprises compete on merit, consumers have choices, and innovation is rewarded.

Smt. Sitharaman emphasised the importance of balancing regulatory vigilance with a pro-growth mindset to build a resilient, equitable, and innovation-driven economic framework aligned with India’s vision of Viksit Bharat 2047. She praised CCI’s firm enforcement against anti-competitive practices and commitment to enabling legitimate business conduct.

The Minister underscored the need for regulators to follow the principle of ‘minimum necessary, maximum feasible’ regulation and spoke on emerging challenges such as artificial intelligence and digital markets. The establishment of the Digital Markets Division and ongoing market studies on AI demonstrate CCI’s proactive approach.

The event included the release of CCI’s “Diagnostic Toolkit Towards Competitive Tenders for Public Procurement” and “FAQs on Combinations,” which address recent legislative changes and offer practical guidance on merger control.

CCI Chairperson Smt. Ravneet Kaur reflected on the Commission’s journey, its forward-looking regulatory approach, and its alignment with India’s economic and technological landscape.

Source:Press Information Bureau, Competition Commission of India

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