The Competition Commission is working on a “digital screen-based” system to detect possible cartelization in public procurement tenders, a senior official said Monday.
The fair trade regulator has been working on ways to curb anti-competitive practices across sectors in the marketplace, and public procurement is a key area as it accounts for around 20% of the country’s gross domestic product (GDP).
Competition Commission of India (CCI) Chairperson Sudhir Mital said the regulator was working on a “digital screen-based cartel detection system”.
Speaking at a conference on public procurement and competition law here, he said the tool would have capabilities to scrutinize tenders based on several parameters and check for any anti-competitive aspect, he added.
Full Content: Economic Times
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