Exclusive: India panel wants localization of cloud storage data in possible blow to big tech firms [Reuters (UK)]
Infosys Limited American Depositary Shares (INFY)
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Source: Reuters
Exclusive: India panel wants localization of cloud storage data in possible blow to big tech firms | Reuters 6 Min Read NEW DELHI (Reuters) - A panel working on the Indian government’s cloud computing policy wants data generated in India to be stored within the country, according to its draft report seen by Reuters, a proposal that could deal a blow to global technology giants such as Amazon and Microsoft who offer such services. It could not only raise their costs because they will need to ramp up the number and size of data storage centers in India, where power costs remain high, but at least some of those increases are likely to be passed onto customers who include everyone from small start-ups to large Indian corporations. The policy will be the latest in a series of proposals that seek to spur data localization in India, as the government finalizes an overarching data protection law. Local data storage requirements for digital payments and e-commerce sectors are also being planne
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INFY
Earnings
- 4/19/24 - Beat
INFY
Sec Filings
- 4/24/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- INFY's page on the SEC website