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Piyush Goyal meets Industry stakeholders
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Piyush Goyal meets Industry stakeholders

Agency News

New Delhi, Jun 17 : Union Commerce and Industry Minister Piyush Goyal held a meeting with Industry stakeholders on e-Commerce and data localization on Monday.
Common issues for discussion include opportunities for India in the growing digital economy, value addition in Indian GDP due to the advent of e-commerce, understanding data flows from four aspects – privacy, security, safety and free choice, ownership and sharing of data, gains and costs of cross border flow of data and means to monitor use of data.
Issues like strengths and weaknesses of Indian companies who may benefit from e-commerce, threats from large foreign competition, absence of a level playing field and impact of anti-competitive practices such as predatory pricing and other discriminatory practices are expected to come up for discussion during Commerce Minister’s meeting with Indian e-Commerce companies.
Gains and costs of cross border flow of data, ownership and sharing of data and efficiency gains and losses on utilizing Indian data servers, emails, clouds are likely to be deliberated during his meeting with e-Commerce companies.
Anticipated increase in costs and efficiency losses due to data localization, timeline to create a data infrastructure to comply with data localisation norms and developing Indian data servers, clouds, emails: Scope, coverage, advantages, disadvantages, costs and gains are some of the issues which may figure during Mr Goyal’s meeting with Indian IT companies.
Anticipated increase in costs and efficiency losses due to data localization, monitoring of use of data from the lens of privacy, security, safety and choice and efficiency gains and losses on utilizing Indian data servers, emails, clouds are the issues on the agenda of the Minister’s meeting with foreign IT firms.
The meeting is being attended by Minister of State for Commerce and Industry Som Parkash, Secretaries of DPIIT, Department of Commerce, Ministry of Electronics and Information Technology, RBI Deputy Governor B P Kanungo among others, according to a statement here. (UNI)