New Delhi, Feb 7: Prof M V Rajeev Gowda (Congress) on Friday said India was at the cutting edge of technology and predicted that enormous data would be generated with the Internet of Things and updating of 5G technology which, he said, would be of interest to foreign countries.
Participating in the discussion on the Private Member's Bill, he said "Foreign Investment in Financial Services, Critical Infrastructure and Technology affecting National Security (Regulation) Bill, 2018.
"We need to identify elements of sabotage and how to counter it," he added and supported the strengthening of the committee, proposed under the Bill.
At the same time, he warned that start-ups ecosystem should not be hindered under the garb of national security.
Lt Gen (retd) Dr D P Vats (BJP) questioned whether there were genuine concerns or there were security phobia. He said he welcomed the FDI in all aspects, but drew the line at the divestment of national carrier Air India.
However, the Civil Aviation Minister had assured him that prior to it's disinvestment, the issue of troop movement would be looked into, Mr Gowda added.
Warning that Indian data would be available to foreign companies, T K S Elangovan (DMK) said that strong foreign currencies can affect local currencies and did not want that foreign currencies "play" in India's financial services. (UNI)