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LATEST NEWS UPDATES | Is India heading towards Reliance's monopoly in retail space? Find out CCI Chairman's views -Dipak Mondal

Is India heading towards Reliance's monopoly in retail space? Find out CCI Chairman's views -Dipak Mondal

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published Published on Nov 16, 2020   modified Modified on Nov 17, 2020

-BusinessToday.in

While fate of RIL's Future Retail acquisition remains uncertain after Amazon got an interim arbitration order against that transaction, consolidation in retail space has raised murmurs of growing monopoly of the company in retail and some other sectors

Urban Ladder is the latest company in the retail space to be acquired by Reliance Retail. This comes close on the heels of its big ticket acquisition of Future Retail. While the fate of its Future Retail acquisition now remains uncertain after online retail giant Amazon got an interim arbitration order against that transaction, the consolidation in the retail space has raised the murmurs of growing monopoly (of Reliance Retail) in the retail space, and some other sectors like telecom, power, online search, etc.

Even as clamour of monopolisation in some sectors grows louder, Chairman Competition Commission of India (CCI) Ashok Kumar Gupta has a more sobering view as he says possession of high market power is not frowned upon in the antitrust framework as 'taking such a stance would damage incentives to innovate'.  

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BusinessToday.in, 16 November, 2020, https://www.businesstoday.in/current/corporate/india-heading-towards-reliance-monopoly-retail-space-cci-chairman-views/story/422083.html?fbclid=IwAR3DvrMK5Jg1vI1SkWOvN46ZyCiw_mQ8A2D6Hcb1tdlj4OhmvEiF8xogxUo


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