New Delhi: India's competition watchdog has raised concerns over monopolistic and arbitrary pricing by the public-private partnership that runs Delhi's international airport, weeks after the national auditor slammed the government for the terms of the deal.
The Competition Commission of India has sent an advisory to the aviation ministry highlighting the antitrust aspects of the deal, which would unfairly benefit the private firm, GMR Group, to the tune of 3,415.35 crore, according to the Comptroller and Auditor General of India's recent report.
"Post the CAG report, we had taken a serious view of the matter and found the deal to be anti-competitive at various levels. We have asked for a clarification from the ministry as the agreement is against the letter and spirit of the Competition Act," CCI chairman Ashok Chawla told ET.
28/09/12 Shruti Choudhury/Economic Times
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The Competition Commission of India has sent an advisory to the aviation ministry highlighting the antitrust aspects of the deal, which would unfairly benefit the private firm, GMR Group, to the tune of 3,415.35 crore, according to the Comptroller and Auditor General of India's recent report.
"Post the CAG report, we had taken a serious view of the matter and found the deal to be anti-competitive at various levels. We have asked for a clarification from the ministry as the agreement is against the letter and spirit of the Competition Act," CCI chairman Ashok Chawla told ET.
28/09/12 Shruti Choudhury/Economic Times
