US technology giants oppose collective data sharing in India

 US technology giants oppose collective data sharing in India

In July, a commission appointed by the government of India proposed the establishment of a regulatory body to regulate the personal data collected by companies, which are anonymous or lack personal details but are essential for companies to build their businesses.

The Commission has proposed a mechanism for companies to share data with other entities (and even competitors), saying it will stimulate faster development of the digital ecosystem. If adopted by the government, the report will become a new legal basis for monitoring such data.

However, the US India Business Council (usibc), a member of the American Chamber of Commerce, said in a letter to the Indian government that such forced data sharing would hinder competition and undermine the investment and efforts of companies to process and collect such information, which they strongly opposed.

Indias increased regulation of data collection and use by companies is the latest stimulus for us technology companies, which are facing similar challenges in several other countries that are developing stricter e-commerce rules and data storage regulations. Indias Ministry of electronic information technology, Amazon, Facebook and Google did not respond to requests for comment. (small)

Source: Wang Fengzhi, editor in charge of Netease science and Technology Report_ NT2541