Facing Unfair Competition From Big Tech, Domestic Tech Players Say

Top executives of eight home tech companies, together with Paytm founder Vijay Shekhar Sharma and OYO founder Ritesh Agarwal, deposed earlier than a parliamentary panel on Thursday and stated they face unfair competitors from massive tech companies. During the assembly with high executives of eight expertise companies, together with Zomato, Swiggy, Flipkart, and MakeMyTrip, had been additionally questioned about what steps they had been taking to handle the considerations of distributors on their platforms, sources stated.

The Parliamentary Standing Committee on Finance, chaired by BJP chief and former Union Minister Jayant Sinha, has been trying into numerous facets of competitors within the market, particularly regarding expertise majors.

Earlier, Sinha informed PTI that the panel has determined to ask representatives of assorted expertise platforms, e-commerce gamers and gaming entities to seem earlier than it quickly, and they are going to be primarily requested about their market behaviour.

Representatives of meals supply platforms Swiggy and Zomato, e-commerce participant Flipkart, cab aggregator Ola, resort aggregator OYO, digital finance agency Paytm, MakeMyTrip and All India Gaming Association are those that have been referred to as by the panel, Sinha stated.

According to a discover obtainable on the Lok Sabha web site, the committee will hear “views of representatives of associations/ industry stakeholders on the subject Anti-Competitive Practices by Big-tech companies” on July 21.

Sources stated that Paytm founder Vijay Shekhar Sharma, Ola CFO Arun Kumar, Make My Trip Chairman and Chief Mentor Deep Kalra, Zomato CEO Deepinder Goyal, OYO founder and Group CEO Ritesh Agarwal attended the assembly.

Senior officers of Swiggy, Flipkart and All India Gaming Federation additionally attended the assembly, they stated. In latest instances, there have been complaints about alleged anti-competitive methods of assorted expertise platforms and companies.

The Competition Commission of India (CCI) is already probing numerous instances, particularly within the digital area, following complaints of alleged unfair enterprise practices.

On April 28, the CCI made a presentation about competitors facets within the market to the parliamentary panel.

After that assembly, Sinha stated the panel had “an excellent set of discussions” with officers from the Ministry of Corporate Affairs, Ministry of Electronics and Information Technology and CCI.