“There are, as usual, some apprehensions in certain quarters that net neutrality and data protection norms would be flouted and consumer interest harmed,” the association said in a statement on Monday.
“BIF believes that this is erroneous, farfetched and not based on facts. Net Neutrality rules are now unambiguously written into the TSP licenses and so they are inviolate.”
“Secondly, the Data Protection framework to guard consumer interests is under process and is shortly expected to come out as a legislated Act. Hence the second fear is also unfounded.”
The group which counts both Jio and Facebook as its members said that it is deeply committed to the cause of ‘Broadband for All’, “involving the principles of liberalisation and competition, as well as scrupulous adherence to the regulations as regards Net Neutrality, Data Protection, etc.”BIF said there is no place whatsoever for any negativism as regards India’s Digital Future or Make in India.
BIF lauded the $5.7 billion investment as it underlines the resilience and vitality of India’s digital story despite COVID-19 crisis and it resultant economic fallout. The deal could benefit 50 million MSMEs, 100 million farmers, 30 million small merchants and many small enterprises in the informal sector across India, BIF said.
“BIF is happy to note that this investment decision will further boost India’s attractiveness in the global investment community, especially in the digital domain,” said TV Ramachandran, President, BIF.