Nasscom, Ukibc And Techuk Highlight Importance Of Data Transfers For India-Uk Digital Trade In A Joint Report

Nascom

NascomNew Delhi, 23rd May 2022: UK India Business Council, NASSCOM, and TechUK have released a Joint
Position Paper on Enabling Data Transfers for India-UK Digital Trade aimed at promoting data protection
in both countries while enabling the free flow of data in the UK-India corridor.

The paper makes a series of recommendations for both governments to consider as part of the ongoing
India-UK Free Trade Agreement negotiations. The Joint Position Paper will inform the governments on
their efforts to reform domestic regimes on personal data protection, and cross-border data transfers, and
encourages bilateral discussions towards securing a data adequacy agreement. This includes
recommendations for both governments to commit to the protection of personal information via
adequate and comprehensive legal regimes, including a dedicated digital trade chapter in the proposed
FTA. Such a chapter, the report says, may cover several topics, including protection of privacy and personal information, international data flows, paperless trading, online consumer protection, cooperation on fintech, data innovation, and artificial intelligence.

Regarding domestic data protection and transfer regimes, the paper offers suggestions on the specific
areas for both countries to prioritize as they finalize their respective domestic legal regimes on data
protection and transfers. India, via the Ministry of Electronics and Information Technology (MEITY), is
currently considering the latest iteration of a comprehensive draft data protection law- the Data
Protection Bill of 2021 (DPB 2021) was released by a Joint Parliamentary Committee (JPC), post
reviewing an earlier version called the Personal Data Protection Bill of 2019 (PDP Bill). On the other hand, the UK, through its Department for Culture, Media and Sports (DCMS), has recently concluded a consultation process on taking its current framework on data regulation in ‘a new direction’ by considering reforms needed to secure a ‘pro-growth and trusted data regime’.

The Indian Tech industry is a significant investor in the UK and plays a leading role in achieving India’s
position as the second-largest source of FDI in the UK. It does so by employing and upskilling local talent, contributing to the UK’s corporate competitiveness, and creating economic growth and other positive spillovers from a thriving digital sector. At the same time, there are over 100 British Capability Centres in India leveraging India’s digital talent, innovative capabilities, and scale to drive enterprise
competitiveness, by solving complex problems and managing risk. Total trade in goods and services
between the UK and India was £24.3 billion in the four quarters to the end of Q4 2021 according to DIT
estimates.

Meghna Misra-Elder, Associate Director, UKIBC said: “Digital technology, data, and the exchange of
information are increasingly important, across all services sectors, in global trade and therefore are
essential to services powerhouses like the UK and India. It is vital that there is an India-UK data adequacy partnership to spur cross-border data transfers, innovation, and collaboration. We urge the governments to use the FTA negotiations to accelerate this data adequacy partnership. ”

Shivendra Singh, Vice President & Head of Global Trade, NASSCOM said: “Technology has taken up the
center stage and will play a significant role in doubling the bilateral trade between India and UK. Given
digital revenues will be the lynchpin of this growth story, it is important that we are able to build
convergence between data and digital. It will hugely benefit the large, SMEs and start-up ecosystem.”

Trade and Investment Factsheets – India, Department of International Trade, 18 May 2022
Julian David, the CEO, of techUK, said: “techUK is pleased to partner with NASSCOM and UKIBC on highlighting the importance of free and open data transfers for the UK-India digital trade corridor. Digital and data services are going to drive the future trading partnership between the UK and India, and it is therefore important that cross-border data flows with an adequate data protection regime are central to future bilateral trade relations. The launch of UK-India FTA negotiations offers the opportunity to deepen the bilateral tech partnership and work towards a data adequacy partnership.”

Globally, the impact of the COVID-19 pandemic has underlined the importance of international data flows
in light of a dramatic rise in electronic commerce. India and UK have an opportunity to leverage the trade
potential through an enabling FTA. This will further support the growth and development of the
economies of the countries.
About techUK:
techUK is a not-for-profit industry association for the technology sector in the UK. It aims to prepare and
empower the UK for what comes next, delivering a better future for people, society, the economy, and the
planet. Established in 2013, techUK has over 850 members in the UK.
About UKIBC:
The UK India Business Council is a not-for-profit industry association with a mission to support businesses
with the insights, networks, policy advocacy, services, and facilities needed to succeed in the UK and India.
It has over 90 member companies and believes passionately that the UK-India partnership creates jobs
and growth in both countries, and that UK and Indian businesses have ideas, technology, services and
products that can succeed in India and the UK respectively.
About NASSCOM
The National Association of Software and Services Companies (NASSCOM®) is the premier trade body and
chamber of commerce of the Tech industry in India and comprises over 3000-member companies. Our
membership spans the entire spectrum of the industry from startups to multinationals and from
products to services, Global Capability Centres to Engineering firms. Guided by India’s vision to become a
leading digital economy globally, NASSCOM focuses on accelerating the pace of transformation of the
industry to emerge as the preferred enabler for global digital transformation. Our strategic imperatives
are to reskill and upskill India’s IT workforce to ensure that talent is future-ready in terms of new-age
skills, strengthen the innovation quotient across industry verticals, create new market opportunities –
both international and domestic, drive policy advocacy to advance innovation and ease of doing business
and build the industry narrative with a focus on Talent, Trust, and Innovation. And, in everything we do, we will continue to champion the need for diversity and equal opportunity.

Reendex

Must see news