Top executives from eight tech companies in the country, including Paytm founder Vijay Shekhar Sharma and Oyo founder Ritesh Agarwal, will appear before a key parliamentary panel on Thursday for discussions. on the market behavior of technology platforms amid growing anti-competitive concerns.
BJP Leader and former Union Minister Jayant Sinha, Chairman of the National Assembly Standing Committee on Finance, examined various aspects of competition in the market, especially for technology majors.
Sinha told PTI that the board decided to ask representatives of different technology platforms, ecommerce player and gaming entities will appear soon and they will mainly be asked about their market behavior.
Representatives of food delivery platforms Swiggy and Zomatoe-commerce players Flipkarttaxi aggregator Olahotel aggregator Oyodigital finance company Paytm, MakeMyTrip and All India Games Association are those named by the board of directors, Sinha said.
According to the notice available on Lok Sabha . websiteThe committee will hear “opinions of industry associations/stakeholders on the topic Anti-competitive practices of large technology companies” on July 21.
According to sources, PayTM founder Vijay Shekhar Sharma, CFO Ola Arun Kumar, President of MakeMyTrip and Chief Advisor Deep Kalra, Zomato CEO Deepinder Goyal, Oyo founder and Group CEO Ritesh Agarwal confirmed to attend the meeting.
Likewise, Vice President Swiggy and Group General Counsel Avantika Bajaj, Flipkart Group CEO Kalyan Krishna Murthy Group and All India Games Federation CEO Roland Landers will also attend the meeting. , they said. In recent times, there have been many complaints about the alleged anti-competitive practices of various technology platforms and companies.
The Competition Commission of India (CCI) has been investigating various cases, especially in the digital space, following complaints of alleged unfair business practices.
On April 28, CCI presented aspects of competition in the market before the parliamentary panel.
After that meeting, Sinha said the council had “a great series of discussions” with officials from the Department of Corporate Affairs, the Department of Electronics and Information Technology and the CCI.