International Competition Network:
The Competition Commission of India (CCI) has become a part of the prestigious 18-member steering committee of the International Competition Network (ICN).
- The concept for the ICN originated from recommendations made by the International Competition Policy Advisory Committee (ICPAC), a group formed in 1997.
- It was established in October 2001 by officials of 15 competition agencies from around the world.
- The steering committee is the ICN’s apex body.
- The ICN, comprising 140 competition agencies, typically provides antitrust authorities with a specialised, yet informal, venue for maintaining regular contacts and addressing practical competition concerns.
- The Steering Group members shall elect a Chair from among Steering Group representatives at the ICN Annual Conference in odd-numbered years.
- It is the only global body devoted exclusively to competition law enforcement and its members represent national and multinational competition authorities.
- It has no formal Secretariat or premises.
- It is a statutory body of the Government of India and was established in March 2009 under the Competition Act, 2002.
- The goal of CCI 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 consumers.