Cabinet clears signing MoU between competition regulators of India, Egypt

New Delhi: The Union Cabinet chaired by PM Modi on Wednesday approved the signing of a pact between the Competition Commission of India (CCI) and the Egyptian Competition Authority (ECA). The Memorandum of Understanding (MoU) between the two regulators is aimed at promoting and strengthening cooperation in competition law and policy through the exchange of information, sharing of best practices as well as through various capacity-building initiatives, an official release said.

MoU aims to develop & strengthen linkages between CCI & ECA

According to the statement, the MoU also aims to develop and strengthen linkages between CCI and ECA as well as learn and emulate from each other's experiences in the enforcement of competition law. Ultimately, the resultant outcomes will benefit consumers at large and promote equity and inclusiveness, it added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)