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HomeBusinessCompetition Issues: Paytm, Ola Founders, 6 Other Executives To Meet Panel

Competition Issues: Paytm, Ola Founders, 6 Other Executives To Meet Panel

India’s competitors watchdog is already probing numerous instances within the digital area.

New Delhi:

Top executives of eight home tech companies, together with Paytm founder Vijay Shekhar Sharma and Oyo founder Ritesh Agarwal, will seem earlier than a key parliamentary panel on Thursday to debate the market behaviour of know-how platforms amid rising anti-competition considerations.

BJP chief and former Union Minister Jayant Sinha-chaired Parliamentary Standing Committee on Finance has been trying into numerous points of competitors within the market, particularly with respect to know-how majors.

Sinha informed PTI that the panel has determined to ask representatives of assorted know-how platforms, e-commerce gamers and gaming entities to look earlier than it quickly, and they are going to be primarily requested about their market behaviour.

Representatives of meals supply platforms Swiggy and Zomato, e-commerce participant Flipkart, cab aggregator Ola, lodge aggregator Oyo, digital Finance agency Paytm, MakeMy Trip and All India Gaming Association, are those that have been referred to as by the panel, Sinha stated.

According to note out there on the Lok Sabha web site, the committee will probably be listening to “views of representatives of associations/ industry stakeholders on the subject Anti-Competitive Practices by Big-tech companies” on July 21.

According to sources,  Paytm founder Vijay Shekhar Sharma, Ola CFO Arun Kumar, Make My Trip Chairman and Chief Mentor Deep Kalra, Zomato CEO Deepinder Goyal, Oyo founder and Group CEO Ritesh Agarwal, have confirmed to the panel to attend the assembly.

Similarly, Swiggy’s Vice President and group common Counsel Avantika Bajaj, Flipkart Group CEO Kalyan Krishna Murthy and All India Gaming Federation CEO Roland Landers may also attend the assembly, they stated. In current occasions, there have been complaints about alleged anti-competitive methods of assorted know-how platforms and companies.

The Competition Commission of India (CCI) is already probing numerous instances, particularly within the digital area, following complaints of alleged unfair enterprise practices.

On April 28, the CCI made a presentation about competitors points within the market to the parliamentary panel.

After that assembly, Sinha stated the panel had “an excellent set of discussions” with officers from the Ministry of Corporate Affairs, Ministry of Electronics and Information Technology and CCI.

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