Global e-commerce and online payment companies operating in India have conveyed their concerns to Commerce and Industry Minister Piyush Goyal with regard to RBI insistence on storing their data within the country and lack of consultations on the proposed e-commerce policy.
The meeting was called in New Delhi, June 18, 2019 by Goyal who also holds the portfolio of the Railways and is one of the trusted ministers of Prime Minister Narendra Modi.
” The meeting was held by Piyush Goyal in order to understand their concerns and take their suggestions towards building a robust data protection framework that will achieve the dual purpose of privacy and innovation and strengthen India’s position as a global tech leader with focus on trust and innovation,” stated a statement from Commerce and Industry Ministry.
It said the principles of data protection and privacy were discussed at length. The industry representatives requested Goyal to ensure that the Bill on Data Protection would have more clarity around classification of data and the manner of cross border flow of data. Commerce Minister assured that MeitY will address this concern too.
E-commerce and tech companies also informed Goyal that the data free flow discussed in the recent G20 Ministerial Meeting on Trade and Digital Economy was a positive development for India in principle. India must participate in the discussions on digital trade but issues of concern for the country must be taken up as and when they arise during the G20 discussions, the Commerce and Industry Ministry statement quoted those attending the meeting.
Goyal said that MeitY and National Association of Software and Services Companies (NASSCOM) may deal with the concerns of companies which build products in India and store their data in the country and the Bill must reflect this.
NASSCOM President, Debjani Ghosh, put forth before the Commerce Minister the necessity of harmony across all policies of all Ministries and RBI which deals with digital trade .