US diplomat flays new data localisation, e-commerce FDI rules
12 Feb 2019 8:06 AM GMT
Richest Indian Mukesh Ambani, the chairman of Reliance Industries having interests in telecommunications and commerce, has strongly pitched for data localisation.
- US diplomat flays new data localisation, e-commerce FDI rules
- Washington has expressed concerns over the new policy measures on data localisation and restricting e-commerce play by foreign companies, exhorting New Delhi to consult all key stakeholders before making any such move.
- It is in everybody's interest to have an open and transparent business environment, the acting principal deputy assistant secretary of the US, Thomas Vajda, told reporters here Tuesday.
- "We are concerned about the data localisation law and the new e-commerce regulations...they do not fully take into account the needs of all stakeholders, including American and other foreign companies," the visiting diplomat said.
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