No ecommerce data in data protection bill. Amazon India sales to touch $32 billion in four years.
MeitY against ecommerce data in Personal Data Protection Bill
The ministry of electronics and information technology (MeitY) has said it will not include ecommerce data in the proposed Personal Data Protection (PDP) Bill as it will be covered separately, The Economic Times reported.
The bill was proposed by the department for promotion of industry and internal trade (DPIIT), the report said.
DPIIT had earlier asked the ministry to consider localisation of ecommerce data generated in the country, ET reported, citing a government official.
MeitY is yet to clarify if the PDP Bill will only address privacy and security issues related to personal data and not information in the public domain.
Amazon India gross sales to hit $32 bn in 4 years
Ecommerce giant Amazon India’s gross sales will hit $32 billion in four years, The Economic Times reported, citing a study by RBC Capital Markets.
It is expected to have a market share of 35% by 2023, up from 30% at the end of 2018, the report said.
Amazon may partner with Go-Jek
Ecommerce giant Amazon is in talks for a partnership with Indonesia-based ride-hailing startup Go-Jek Group, The Wall Street Journal reported.
The retail giant is looking forward to making a sizeable investment and will further tap into the company's delivery infrastructure in Indonesia.
The investors of Go-Jek include Alphabet Inc, Alibaba Group Holdings, Tencent Holdings, and Visa, the report added.
The ride-hailing company is valued at around $10 billion. The group offers a variety of services including transportation, logistics, payments and food delivery.
Govt to announce cybersecurity policy in Jan 2020
The government is planning to roll out the country's cybersecurity strategy policy in January 2020, The Times of India reported.
Ajeet Bajpai, director general of the National Critical Information Infrastructure Protection Centre, said the project requires a budget of Rs 25,000 crore approximately.
“Even a small country like Israel has allocated $20 million as the annual budget for cybersecurity,” he added, according to the TOI report.
Mitsubishi to invest Rs 100 cr in digital healthcare platform SastaSundar
Japanese conglomerate Mitsubishi Corporation will invest Rs 100 crore in SastaSundar Healthbuddy, which operates an online pharmacy.
The investment will help the company expand its business, parent SastaSundar Ventures said in a stock exchange filing.
SastaSundar, founded in 2011, sells medicines and fast-moving consumer goods on its digital platform.