June 21, 2022
Dr. Gulshan Rai, Senior Advisor, Dua Consulting in a recently published article in Financial Express talks about the importance of acquisitions , particularly by tech firms, and the accelerated use of digital technologies that have led to a range of emerging issues . He goes on to say that “data has emerged to be the most important and central element in the emerging scenario. It is now a competitive asset which has the potential to impact ‘entry barrier’ and the quality of products and services, thus changing the market dynamics” and concludes that “ the need of the hour is to urgently amend Section 5 of the #Competition Act and categorise #data as an asset.”
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