What It Does: Ensuring fair and healthy competition in the economic activities of the country.
Mission: Proactive engagement with all stakeholders, including consumers, industry, government, and international jurisdictions.
Vision: To promote and sustain an enabling competition culture through engagement and enforcement that would inspire businesses to be fair, competitive, and innovative; enhance consumer welfare, and support economic growth.
Size & Presence: 160+ employees headquartered in New Delhi.
Competition is the best means of ensuring that the ‘Common Man’ or ‘Aam Aadmi’ has access to the broadest range of goods and services at the most competitive prices. With increased competition, producers will have maximum incentive to innovate and specialize. This would result in reduced costs and wider choices for consumers. Fair competition in the market is essential to achieve this objective. Our goal is to create and sustain fair competition in the economy that will provide a ‘level playing field’ to the producers and make the markets work for the welfare of the consumers.
The objectives of the Act are sought to be achieved through the Competition Commission of India, which has been established by the Central Government with effect on 14th October 2003. CCI consists of a Chairperson and 6 Members appointed by the Central Government. It is the duty of the Commission to eliminate practices having an adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India. The Commission is also required to give an opinion on competition issues on a reference received from a statutory authority established under any law and to undertake competition advocacy, create public awareness and impart training on competition issues.
The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, follows the philosophy of modern competition laws. The Act prohibits anti-competitive agreements, and abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control, and M&A), which cause or are likely to cause an appreciable adverse effect on competition within India.
In pursuance of its advocacy mandate under Section 49 of the Competition Act-2002 (Act), the Competition Commission of India (CCI) undertakes various focussed outreach and training programs with its wide spectrum of stakeholders wherein students of Economics, Law, Management, and Finance, etc. constitute a very significant part. The internship program of CCI aims to equip students with the practical working of competition law. As CCI has a very important role to play in the economy being a market regulator, students need to understand the nuances and nitty-gritty of Competition Law for their future roles in various capacities. The internship program of CCI attracts talents from the best Indian educational institutions located across the country.