TEHRAN, September 19 - Global tech companies plan to oppose new legislation in India that would require Facebook, PayPal and others to store user data in the country, arguing it will hurt investment and the business models of foreign and domestic firms.
TEHRAN, Young Journalists Club (YJC) - Global tech companies plan to oppose new legislation in India that would require Facebook, PayPal and others to store user data in the country, arguing it will hurt investment and the business models of foreign and domestic firms.
In July, a government panel recommended that all “critical personal data” should be processed in India, and presented a draft bill that could affect how global firms store customer data.
Facebook, Mastercard and PayPal fear the new law, which follows similar measures in China and Vietnam, would increase their compliance and infrastructure costs, and affect planned investments.
Their concerns are to be taken up lobby groups planning a joint effort to pressure New Delhi to reconsider.
“The potential fear of restricting cross-border data flow would impact the business models of several Indian as well as global companies,” said a draft of their letter addressed to India’s information technology minister.
Source:Reuters
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