Nagesh Kumar creator text xu| 2000 continuing ng p.2851-858 A competition policy is more, not less, important with liberalised FDI inflows. This is because of growing mergers and acquisitions by multination enterprises concentrate market power. Unlike greenfield investments, M and As may not add to the stock of capital in the country, nor bring in new knowledge or lead to knowledge spillover. The hope for benefits of FDI inflows will accrue only if there is an appropriate competition policy. - Reproduced Foreign investment Transnational corporations Economic and Political Weekly 180718