India to Enact Data Privacy Law, Encourages Data Flow

By By Rediff Money Desk, New Delhi
Nov 21, 2024 21:24
India is set to introduce a legal framework for data privacy, aiming to facilitate free data flow among trusted partners. The move encourages investment in technology and innovation.
Photograph: Uttam Ghosh/Rediff.com
New Delhi, Nov 21 (PTI) India will come out with a legal framework to ensure data privacy that will encourage free data flow among trusted partners, Commerce and Industry Minister Piyush Goyal on Thursday said, as he sought investment in technology and innovation.

Speaking at the UK India Business Council's 'UK-India Technology Futures Conference', the minister said India and the UK can collaborate on technology in the fields of AI education, telemedicine, climate modelling, precision agriculture and organic chemical, electronic and food industries.

Goyal pointed out that it will be important to understand how in the future the digital world and sustainability issues will intersect.

A major portion of energy will be consumed by systems that will churn out data and that will have an impact on sustainability issues, he said, adding that there are very few places in the world where there is an interconnected grid in the way that India has.

The minister said that by 2030, India would have a thousand-gigawatt grid connected through the length and breadth of the country with a healthy mix of traditional and renewable energy.

For data centres, this huge amount of clean energy provides unheard-of reliability and sustainability, Goyal said, pointing out that India provides an unmatched opportunity for investors across the world.

Advocating India as the best place to invest in technology and innovation, Goyal informed that in addition to a robust legal system, India is going to bring out a new legal framework to ensure data privacy that will encourage the free flow of data among trusted partners.

Pitching India as the land of opportunities for businesses, he identified five areas for technology cooperation, including skilling of the workforce, telemedicine, disaster management, and agriculture, among others.

Goyal informed the gathering that India is working on many dimensions of technology, including the space sector and animation, gaming, artificial intelligence, and augmented reality.

He further said India has invested through public funding in the semiconductor industry.
Source: PTI
Read More On:
data privacyindialegal frameworktechnology investmentdata flow
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Punjab Invites Korean Firms for Investment

Punjab CM Bhagwant Mann invites Korean firms like Daewoo, GS E&C to invest in Punjab....

Odisha Assembly Passes Appropriation Bill

Odisha assembly passes Rs 17,440 crore appropriation bill for 2025-26. CM Majhi defends...

CTUIL Revokes Grid Access for 6.3 GW RE Projects

CTUIL revoked grid access for 6.3 GW renewable energy projects due to developer delays....

L&T Transfers Realty Business to L&T Realty...

Larsen & Toubro transfers its realty business to L&T Realty Properties Ltd. A phased...

Wakefit IPO Subscribed 15% on Day 1

Wakefit''s Rs 1,289-cr IPO saw 15% subscription on day 1. Retail investors showed...

Apple Fitness+ Launching in 28 New Countries

Apple Fitness+ expands to 28 new countries, including India, on December 15. Enjoy...

MSME Loan Risk: Over-Leveraged Borrowers

Report reveals sharp concentration risk in MSME loan portfolios due to over-leveraged...

Navitas & Cyient: GaN Tech for High-Power India

Navitas Semiconductor and Cyient Semiconductors partner to co-develop gallium nitride...

Abrau-Durso to Produce Wine Beverages in India

Russia''s Abrau-Durso Group plans to produce wine beverages in India with IndoBevs....

GX Group Expands to Latin America with Calculus...

GX Group partners with Calculus Networks to expand broadband business in Latin America....

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com