Google's Argument In SC Against CCI Order Contradictory: Indus OS CEO

As the later this month hears Google’s petition against a Competition Commission of India’s (CCI) order penalising the US tech giant for allegedly violating competition law, one senior industry executive is backing the regulator.

“Google’s argument however is contradictory as competition breeds innovation which only makes technology more affordable for everyone. itself has pointed out that the prices of smartphone devices have dropped drastically over the last 5 years. This has been made possible only due to innovations in the field of mobile hardware,” said Rakesh Deshmukh, co-founder and chief executive officer of Indus OS, a homegrown application and content discovery platform.

CCI, last October, fined Rs 1,338 crore and asked it to "cease and desist" from misusing its dominant position in the Android mobile device ecosystem. Google’s plea before the says that the CCI ruling will stall the growth of the Android ecosystem in the country, hurt stakeholders and drive up device price point.

“The CCI ruling against very clearly encourages software innovation, which will only help bring down the prices of smartphone devices, thus ensuring even further digital penetration as opposed to stalling the growth of the Android ecosystem by pushing up the device price point," Deshmukh said in a statement.

Indus OS was launched in 2013 as an early player in the Indian Android ecosystem; it was later acquired by PhonePe.

“This democratization in the field of software innovation will fuel further penetration of the Android ecosystem in the Indian market. This will also provide a level playing field for players like Indus OS and MapmyIndia, by ensuring unrestricted distribution within the Android ecosystem,” he said.

“The CCI ruling against Google is a step towards ushering in the next phase of digital revolution in the country. It will allow more players to exist in the currently monopolistic market, leading to more innovation duly keeping the needs of the Indian users in mind, thus giving them the freedom of choice and thereby ensuring higher digital penetration and further decreasing the device prices,” he added.

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more