NEW DELHI: Global enterprises are welcome in India provided they follow the law of land, said Communications and IT Minister Ravi Shankar Prasad, adding that he wants to make India a hub of electronic manufacturing and data processing.
The minister said that he appreciates the success of tech giants such as Facebook, Google and Twitter having their biggest markets in India. “But, they will have to work in the ecosystem of law developed in India,” he said, while addressing a plenary session at the centenary celebration of the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Lauding the achievements of Modi government in the technology sector, he said, “India’s Aadhaar and UPI have become a global example. Even Sunder Pichai recommended the US Federal Reserve that we should have something like UPI.”
He also said that to achieve the $5 trillion economy goal, electronic manufacturing is the future, because it is a soft power like Information Technology.
“India has become the second largest mobile manufacturer in the world. It is home to 268 mobile manufacturing facilities as compared to only 2 in 2014 when we came into power,” Prasad said.
Highlighting the provisions of the Personal Data Protection Bill 2019, he said, “I want to make India a big center of data processing. India will never compromise on data sovereignty.”
Source: Economic Times