India's data should be "stringently domiciled": Paytm's Vijay Shekhar Sharma1 min read . Updated: 25 Apr 2019, 01:21 PM IST
- If anyone wants to take the data, they should take it on a sample basis, Paytm founder Vijay Shekhar Sharma said
- Sharma said India should think about bringing the code here and running it
NEW DELHI : Paytm founder Vijay Shekhar Sharma today said data should be "stringently domiciled" to ensure that such information of consumers stays protected.
"If anyone wants to take the data, they should take it on a sample basis," Sharma said speaking at the TiE India Internet Day 2019.
Sharma said companies that argue that data needs to be taken to other geographies for better product development should look at doing so in India itself.
"Why not instead bring the software to this part of the world when there are enough development centres here. So think about bringing the code here and running it," he said.
Sharma also asserted that there is a huge talent pool that can meet this demand.
Data sovereignty is an issue that the Indian government is also looking at addressing.
Based on the recommendations of Justice Srikrishna panel, a data protection bill was crafted that is being given final touches before it goes to cabinet for approval.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.