India Asserts Itself on Global Tech Deals

India wants to have a seat at the table vetting overseas mergers and acquisitions as the country asserts itself on the global tech stage. If the country’s internet population is anything to go by, it is about time. 

Earlier this week, India authorized its antitrust regulator to parse global deals by approving amendments to the competition law, which includes a requirement for companies with substantial business operations in the South Asian nation to seek antitrust permissions for all deals exceeding 20 billion Indian rupees ($244 million) in transaction value. Until now, the Competition Commission of India examined deals based on companies’ asset size and turnover.