The government has asked representatives of e-commerce companies to send their concerns over data storage requirements so that a robust framework can be evolved to leverage innovative digital technologies and unlock immense economic opportunities.Among those present in the meeting were officials from e-commerce and tech companies across all segments who have businesses in India and multinational corporations, Minister of State for Commerce and Industry Som Parkash, senior officers from the Ministry of External Affairs and the Department of Commerce. They said that the free flow of data discussed in the recent G20 Ministerial Meeting on Trade and Digital Economy is a positive development for India.Indias Ambassador to WTO J S Deepak along with President and CEO of Mastercard Ajaypal Singh Banga participated in the discussions via direct video link.At a meeting with various stakeholders in the government and industry, Goyal said all concerns and issues must be sent to the Department of Industrial Policy and Promotion within ten days, according to a statement issued on Tuesday.Several industry leaders present in the meeting on Monday said the e-commerce draft policy was not adequately consultative.Industry leaders said the Bill must have clarity around the classification of data and the manner of cross border flow of data.Building a robust data protection framework will achieve the dual purpose of privacy and innovation besides China Canvas&Textile Manufacturers strengthening Indias position as a global tech leader, said Minister of Commerce and Industry, Piyush Goyal.Each and every concern of the industry will be addressed, the minister said while referring to the data storage requirements issued by the Reserve Bank of India (RBI).NASSCOM President Debjani Ghosh called for harmonious policies across all ministries dealing with digital trade.. RBI Deputy Governor B P Kanungo also assured industry representatives that the central bank will examine the matter closely. Besides, a lot of time has gone by after consultations for Data Protection Bill with the Ministry of Electronics and Information Technology (MeitY). She said India is emerging as a data powerhouse and innovative digital disruptions are allowing developing and least developed countries to leapfrog
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