Commerce & Industry Minister Shri Piyush Goyal Meets Industry Stakeholders on E-Commerce & Data Localization

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The Union Minister for Commerce & Industries, Shri Piyush Goyal addressing the media after an interactive meeting on ‘Ease of Doing Business’ BRAP-2019, in Tirupati, Andhra Pradesh on June 14, 2019. The Minister for IT and Industries, Andhra Pradesh, Shri Mekapati Goutham Reddy is also seen.
The Union Minister for Commerce & Industries, Shri Piyush Goyal addressing the media after an interactive meeting on ‘Ease of Doing Business’ BRAP-2019, in Tirupati, Andhra Pradesh on June 14, 2019. The Minister for IT and Industries, Andhra Pradesh, Shri Mekapati Goutham Reddy is also seen.
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Commerce & Industry Minister Shri Piyush Goyal Meets Industry Stakeholders on E-Commerce & Data Localization

By PIB Delhi

PiyushGoyal meeting with Industry stakeholders on e-Commerce and data localization

Union Minister of Commerce and Industry & Railways, Piyush Goyal is holding a meeting with Industry stakeholders on e-Commerce and data localization in New Delhi today.

Common issues for discussion include opportunities for India in the growing digital economy, value addition in Indian GDP due to advent of e-commerce, understanding data flows from four aspects – privacy, security, safety and free choice, ownership and sharing of data, gains and costs of cross border flow of data and means to monitor use of data.

Issues like strengths and weaknesses of Indian companies who may benefit from e-commerce, threats from large foreign competition, level playing field and impact of anti-competitive practices such as predatory pricing and other discriminatory practices are expected to come up for discussion during Commerce Minister’s meeting with Indian e-Commerce companies.Gains and costs of cross border flow of data, ownership and sharing of data and efficiency gains and losses on utilizing Indian data servers, emails, clouds are likely to be deliberated during his meeting with e-Commerce companies.

Anticipated increase in costs and efficiency losses due to data localization, timeline to create a data infrastructure to comply with data localisation norms and developing Indian data servers, clouds, emails: Scope, coverage, advantages, disadvantages, costs and gains are some of the issues which may figure during PiyushGoyal’s meeting with Indian IT companies. Anticipated increase in costs and efficiency losses due to data localization, monitoring use of data from lens of privacy, security, safety and choice and efficiency gains and losses on utilizing Indian data servers, emails, clouds are the issues on the agenda of the Minister’s meeting with foreign IT firms.

The meeting is being attended by Minister of State for Commerce and Industry, SomParkash, Secretary, DPIIT, Secretary, Department of Commerce, Secretary, Ministry of Electronics and Information Technology, Deputy Governor ofRBI,B.P. Kanungo,senior officers from Ministry of External Affairs, Department of Commerce & DPIIT. Representatives of e- Commerce companies are attending the meeting.

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Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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