The Congress party, represented by general secretary Jairam Ramesh, has voiced concerns over the recent spree of corporate takeovers, particularly highlighting the Adani Group’s acquisitions in the cement sector. Ramesh emphasized the government’s crucial role in preventing the emergence of monopolies and oligopolies that could stifle competition and impact economic dynamics adversely.
Citing examples of major conglomerates consolidating their market presence across various sectors, including cement, Ramesh underscored the need for regulatory oversight to ensure that such expansions do not lead to unfair market dominance. He stressed the importance of free and fair takeovers, cautioning against undue advantages stemming from political affiliations that could distort market dynamics and harm consumer interests. The party’s stance underscores the balance required between corporate growth and regulatory measures to safeguard economic equity and competition in India.