The Srikrishna panel appointed by the government proposed in its report last week that all critical data on people should be processed within India.
The national e-commerce draft policy being prepared by the Union commerce ministry will be in line with the recommendations of the Srikrishna Committee report on data privacy, commerce secretary-designate Anup Wadhwan said on Monday.
"The think-tank (headed by commerce minister Suresh Prabhu) has submitted its recommendations (on draft national e-commerce policy). The government will take a view and see what will be the most efficient manner to implement these recommendations," said Wadhwan, who will take over as commerce secretary next month. The recommendations would now be put up for stakeholders' consultation, he said.
The Srikrishna panel appointed by the government proposed in its report last week that all critical data on people should be processed within India.
"In most countries, the provisions on data are nuanced. The provisions have to balance the free flow of business with security concerns. The entire effort of the Srikrishna committee is also to strike a balance between promoting business and at the same time addressing security as well as privacy concerns," he said adding that the e-commerce draft policy was in line with it.
Wadhwan, however, did not specify any timeframe for implementing the recommendations. "We hope to see something finalised, adopted and enacted in the earliest possible timeframe to implement as we cannot afford to have a vacuum in e-commerce regulation," he said.
Apart from data localisation, the think-tank has also given recommendations on foreign direct investment (FDI) and need for a regulator in e-commerce sector.
"There are suggestions regarding the current FDI policy, its implementation and what could be the policy in future. And there are suggestions on what will be the regulatory provisions to prevent misuse of FDI policy," he said.
The recommendations are quite comprehensive and cover all aspects of e-commerce, including data protection, consumer issues, grievance redressal, logistics and FDI.
On the issue of competition, "the recommendations basically uphold certain underlying competition principles in terms of fairness and avoiding predatory pricing," Wadhawan said.
There are also some recommendations on M&A in e-commerce space, he said.
SECURE INFO
- The think-tank on e-commerce policy has also given recommendations on foreign direct investment and a need for a regulator in e-commerce sector.
- The recommendations are quite comprehensive and cover all aspects of e-commerce, including data protection, consumer issues, grievance redressal, logistics and FDI
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