Mukesh Ambani Urges PM Modi To Take Action For Data Localisation

20 Janvier, 2019, 09:12 | Auteur: Auguste Feret
  • Mukesh Ambani Urges PM Modi To Take Action For Data Localisation

"Jio and Reliance Retail will launch a unique New Commerce platform to empower and enrich our 12 lakh small retailers and shopkeepers in Gujarat - which are part of over 3 crore community in India", announced Ambani.

"For India to succeed in this data-driven revolution, we will have to migrate the control and ownership of Indian data back to India.in other words, Indian wealth back to every Indian".

Ambani, 61, has been drip-feeding his e-commerce plans for India over the past few months in announcements that are no doubt being keenly watched by USA giants Amazon and Walmart.

Last month, the government tightened rules that will disallow foreign-owned online retailers from selling products via companies in which they own equity, and forbid them from pushing merchants to sell exclusively through their platforms. "The critical payments data collected by them is being processed and stored outside of India, which can have severe security implications in case of a data breach as their policy states that this data is also being disclosed with advertisers and third-parties", the company had said in letter to the NCPI.

Ambani said, while Jio's network is now fully 5G ready, the telecom arm and the retail division will launch a new commerce platform to connect small retailers and shopkeepers with customers.

"Today, Gujarat is the showcase for Jio's 4G wireless broadband network".

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While average revenue per user of Reliance Jio continued to decline, the impact seems to have mitigated with a sharp increase in customer base to 281.1 million by the end of December, from 160 million in the year-ago period.

"Gujarat is Reliance's Janmabhoomi (birthplace) as well as its Karmabhoomi (workplace)".

Ambani praised Modi - as he has done in previous editions of the summit - by saying that the credit for the "pioneering initiative and its subsequent replication" should go to the PM under whose "visionary" leadership, India is the fastest growing economy.

The operating revenue of Reliance Jio increased by 50.9% to Rs 10,383 crore during the October-December 2018 period, compared with the Rs 6,879 crore it registered in the corresponding period a year ago. "The entire world has come to recognize you as a man of action", Ambani said.

Speaking at the the Vibrant Gujarat Global Summit, Ambani said that Indian data must be owned by Indians as he invoked Mahatma Gandhi's movement against the British imperialism.

Aditya Birla Group Chairman Kumar Mangalam Birla pledged to invest Rs 15,000 crore in the state where he said his group has already made investments worth Rs 30,000 crore.

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