India to restrict personal data use by corporates |
India`s plan to regulate "non-personal" data has jolted the US tech giants - Amazon, Facebook and Google. A government-appointed panel in July recommended setting up a regulator for information that is anonymised or devoid of personal details but critical for companies to build their businesses. The panel proposed a mechanism for firms to share data with other entities - even competitors - saying this would spur the digital ecosystem. If the report is adopted by the government, it will form the basis of a new law to regulate such data. But the US-India Business Council, part of the US Chamber of Commerce, calls imposed data sharing "anathema" to promoting competition and says this undermines investments made by companies to process and collect such information. The US Chamber of Commerce is categorically opposed to mandates that require the sharing of proprietary data. It will also be tantamount to confiscation of investors` assets and undermine intellectual property protections. India`s plan to regulate non-personal data is the latest irritant for the US tech companies that have been battling tighter e-commerce rules and data storage norms that several countries are also developing. India and the US are already at odds on such issues, as well as over digital taxes and tariffs.
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