Further, in the speech delivered at the United Nations Conference on Trade and Development (UNCTAD) Intergovernmental Group of Experts Meeting, the Chairperson said,
“…CCI has recently introduced a Green Channel, for an automatic approval of combinations. This is a first-of-its-kind, trust-based system, where notifiable transactions, having no overlaps are approved upon filing. It is expected to promote, a speedy, transparent and accountable merger review process, striking a balance between facilitation and enforcement, and upon creating a culture of voluntary compliance, that supports economic growth. Over the last year, the Green Channel route has gained traction, with one out of every five transactions, being filed under this route, demonstrating the stakeholders’ confidence…”
Source: Barandbench
