Penalty on carmakers in the interest of consumers
Updated: Aug 29, 2014 05:13:53pm
New Delhi, Aug 29 (KNN) After a penalty of Rs 2,545 crore was imposed on 14 carmakers for violating trade norms, chairman of the Competition Commission of India (CCI) Ashok Chawla said that the whole attempt was to ensure that the spare parts and maintenance market is more broad-based, user-friendly and less expensive for the consumers.
CCI had penalised auto makers for unfair business ways in the spare parts and after services market.
“For an emerging market economy like India, we need to bet on knowledge and creativity of mind and for that we need to invest much more on research and innovation and not just borrow, copy or steal but actually apply the mind to invest more on that,” he said.
On the issue of technology transfer agreements, Chawla said, “We need to look at clearly in terms of the interplay of these forces whether these agreements tend to divide and partition markets or not, whether they foreclose the acquisition or acceptance of new technologies or not.”
He said this while inaugurating the 2nd International Conference on ‘Interface between Intellectual Property and Competition Law,’ organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Talking about controlling the prices of essential drugs, head of the fair trade regulator said, “Only if it is unfair and discriminatory do we come into the picture but the government has an instrument in terms of essential medicines' list where they regulate prices and I think it will be done under that.”
Sharing his views at the ASSOCHAM conference, Controller General of Patents, Designs and Trade Marks, Chaitanya Prasad, said “One only needs to look at IPR policies of major economies like the US, China and EU and at how competition unfolds in many companies in innovative industries to see that IP and competition law share the same underlying goals as both promote competition in the dynamic sense.” (KNN/SD)
CCI had penalised auto makers for unfair business ways in the spare parts and after services market.
“For an emerging market economy like India, we need to bet on knowledge and creativity of mind and for that we need to invest much more on research and innovation and not just borrow, copy or steal but actually apply the mind to invest more on that,” he said.
On the issue of technology transfer agreements, Chawla said, “We need to look at clearly in terms of the interplay of these forces whether these agreements tend to divide and partition markets or not, whether they foreclose the acquisition or acceptance of new technologies or not.”
He said this while inaugurating the 2nd International Conference on ‘Interface between Intellectual Property and Competition Law,’ organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Talking about controlling the prices of essential drugs, head of the fair trade regulator said, “Only if it is unfair and discriminatory do we come into the picture but the government has an instrument in terms of essential medicines' list where they regulate prices and I think it will be done under that.”
Sharing his views at the ASSOCHAM conference, Controller General of Patents, Designs and Trade Marks, Chaitanya Prasad, said “One only needs to look at IPR policies of major economies like the US, China and EU and at how competition unfolds in many companies in innovative industries to see that IP and competition law share the same underlying goals as both promote competition in the dynamic sense.” (KNN/SD)
Loading...
