Adani woos Amazon, Google with Data Storage |
India`s government is weighing a new law that would require data to be stored locally, and Adani Enterprises Ltd. has said it expects to invest $10.2 billion to build data parks in a southern state over the next two decades. The billionaire`s hope is to capitalize on demand from foreign technology companies, who are expanding in India as the use of smartphones and Internet surges. If the proposed law goes through “it will explode data storage requirements, and that will need capacity. This will be a multi¬billion dollar project that will bring in the Googles and the Amazons of the world. A draft of India`s 2018 Personal Data Protection Bill mandates storage of personal data on a server or in a data center located in the country, citing the need to protect the autonomy of individuals and their personal data. The bill, considered by the government, would need to be approved by lawmakers. The concerns over data security is fueling the need for countries to demand localization of data and India being a growing economy, global data giants like Google, Amazon or Alibaba will not be able to overlook the Indian market.
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