Prime Minister Dr. Manmohan Singh will inaugurate the third Brazil, Russia, India, China and South Africa, BRICS, International Competition Conference in New Delhi today. The aim of the two-day conference is to discuss various issues and challenges in competition enforcement in BRICS countries.The conference would focus on issues and challenges in setting up an effective agency, enforcement related to state owned enterprises, public procurement and creation of competition culture.During the conference, Competition Commission of India will sign a Memorandum of Understanding with European Union on competition issues.