Equities

Reuters exclusively reports India panel wants localization of cloud storage data in possible blow to big tech firms

Reuters exclusively reports India panel wants localization of cloud storage data in possible blow to big tech firms

A panel working on the Indian government’s cloud computing policy wants data generated in India to be stored within the country, according to its draft report revealed by Reuters. Such a proposal could deal a blow to global technology giants such as Amazon and Microsoft who offer such services. The policy will be the latest in a series of proposals that seek to spur data localization in India, as the government finalizes an overarching data protection law.