Reported 4 months ago
A U.S. lobby group representing tech giants Google, Amazon, and Apple has urged India to reconsider its proposed EU-like competition law, stating that regulations against data use and preferential treatment of partners could increase user costs. India's "Digital Competition Bill" aims to regulate big digital companies with global turnovers over $30 billion and at least 10 million local users, prohibiting exploitation of non-public user data and promoting their own services over rivals. The U.S.-India Business Council expressed concerns about the potential impact on investment, prices, and services in India if the law is implemented. On the other hand, a group of 40 Indian startups supports the law as a means to address monopolistic practices and create a fair playing field.
Source: YAHOO