Richest Indian Mukesh Ambani on Friday urged Prime Minister Narendra Modi to take steps to end increasing \u201cdata colonisation\u201d by global corporations, saying Indians should own and control their own data.<\/p>\n
Speaking at the 9th Vibrant Gujarat Summit here, Ambani drew parallels to Mahatma Gandhi\u2019s movement against political colonisation to call for a revolution against data colonisation.<\/p>\n
\u201cData is the new oil . And data is the new wealth. India\u2019s data must be controlled and owned by Indian people and not by corporates, especially global corporations,\u201d the Reliance Industries chairman said.<\/p>\n
The comments come amid a debate over balancing user protections with support for the fast booming digital economy. Foreign giants and hundreds of home-growth startups have flourished amid a dearth of regulation.<\/p>\n
\u201cToday, we have to collectively launch a new movement against data colonisation. For India to succeed in this data-driven revolution, we will have to migrate the control and ownership of Indian data back to India in other words, Indian wealth back to every Indian,\u201d he said. \u201cHonourable Prime Minister, I am sure you will make this one of the principal goals of your Digital India mission.\u201d<\/p>\n
The government wants companies doing business in India to store all customer data locally. The Reserve Bank of India in April 2018 ordered companies to store the \u201cthe entire data relating to payment systems operated by them in a system only in India\u201d so as to ensure \u201cunfettered supervisory access\u201d for \u201cbetter monitoring\u201d.<\/p>\n
The government is considering a draft data security law that requires data centres for all companies be physically located within India. Also under consideration is an e-commerce policy that requires the storage of customer data in the country.<\/p>\n
An e-commerce policy last month tightened rules to disallow foreign-owned online retailers from pushing merchants to sell exclusively through their platforms. It also barred them from selling products via companies in which they own equity.<\/p>\n
Ambani, who had himself supercharged internet adoption by helping crash data prices with the launch of his telecom venture Jio in 2016, had last month in Mumbai stated that \u201cdata colonisation is as bad as the previous forms of colonisation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Richest Indian Mukesh Ambani on Friday urged Prime Minister Narendra Modi to take steps to end increasing \u201cdata colonisation\u201d by global corporations, saying Indians should own and control their own data. Speaking at the 9th Vibrant Gujarat Summit here, Ambani drew parallels to Mahatma Gandhi\u2019s movement against political colonisation to call for a revolution against […]<\/p>\n","protected":false},"author":1,"featured_media":52969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-52968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=52968"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52968\/revisions"}],"predecessor-version":[{"id":52970,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52968\/revisions\/52970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/52969"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=52968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=52968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=52968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}