Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, said the new data protection bill would be “straightforward and contemporary.”
According to him, the right to privacy and the protection of personal information are fundamental rights in India, and the data protection bill would considerably recognize and codify these rights.
The minister said this during a speech at the CyFY2022, an event hosted by the Observer Research Foundation (ORF).
During the budget session, the new personal data protection measure will most likely be introduced in Parliament in February of the following year.
The Center withdrew the Personal Data Protection Bill 2021 in August, announcing that “a comprehensive legislative framework” will take its place.
Aside from being a regional center for talent and innovation in the semiconductor and microelectronics industries, Chandrasekhar, the Union Minister of State for Skill Development and Entrepreneurship, claimed that India has also established itself as a global leader in the innovation economy.
The minister claimed that since 2014, India had advanced significantly in the semiconductor industry.
According to him, nowadays, 97 percent of electronic gadgets are created in India, compared to the majority of imported products in 2014. Additionally, India has a plan in place to promote the semiconductor industry.
According to Chandrasekhar, practically every ecosystem today, including the ecosystem for drones, has many more start-ups and is essential to the government’s plan to create a new India.
“Global supply networks must be influenced not only by price and efficiency but also by trust and values. Democratic countries must shape the future of the internet, “added said.
He noted that many companies in India are working on designing the newest gadgets and technology and that the country made the historic choice to leave the internet open with few restrictions.
“Trust, security, and safety are essential. Around these border constraints, there needs to be a coalition of consensus, “added he.
The minister claimed that youth, ambitions, and the economy were all changing due to technological involvement.
He said that a nation of this size and scope had never before innovated.
“India is eager to take the lead in Web 3.0, but concerns with online gambling and cryptocurrency must be handled carefully. It’s essential to create a secure and trustworthy atmosphere without limiting innovation, “said he.