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'New competition law may dampen digital innovation in country'
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IANS | 09 Jan, 2022
The Asia Internet Coalition, that has Meta, Amazon, Twitter, Google and
other Big Tech companies as its members, has raised questions on the
digital competition law recommended by the Parliamentary Standing
Committee on Finance, that "may dampen digital innovation in India".
In a statement, the Coalition urged the Indian government
to conduct wider stakeholder consultations to ensure that any new
legislative proposals meet international best practices, are
evidence-based, and are for the purpose of benefiting innovation,
growth, and consumers.
"Otherwise, transplanting legislative
reforms designed for a foreign jurisdiction with high digital
penetration into India, could lead to disproportionate costs to
consumers in India and an impact on innovation and investment by
businesses in India -- especially at a time when the government is
rightly focusing on bringing connectivity to all under the Digital India
initiative," said the Coalition.
Last month, the Parliamentary
Standing Committee on Finance recommended that the Centre should
formulate a digital competition act to regulate anti-competitive
practices by Big Tech companies.
The Coalition said the report put forward by the Committee is "prescriptive, absolutist and regressive in nature".
The
Indian government has recently proposed two significant bills -- the
revised Digital Personal Data Protection Bill and the Competition
Amendment Bill (CAB), both of which seek to protect consumers, preserve
competition and promote tech innovation, with a special focus on digital
markets.
The Coalition said that it is critical to first
understand the "effects of these two bills on the digital ecosystem
before introducing any new legislative proposals".
The Asia
Internet Coalition (AIC) was established in 2010 as an industry
association that promotes the understanding and resolution of Internet
policy issues in the Asia Pacific region.
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