“I can tell you with absolute clarity and authority that all the initiatives will all finally get harmonised as an all of government.” There will not be a case that there will be a Digital Competition Act, then the fear of Digital India Act, and there’ll be a Telecom Bill, and there’ll be four of the bills that will create havoc for startups, Chandrasekhar assured.
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The (Competition) Act basically says we are worried about the openness of the digital space, and the anti-competitive behaviour that some of the big tech companies are demonstrating, he explained.
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Our legislative process, our way of making rules or laws will be to catalyse and further accelerate our innovation ecosystem, not to create roadblocks and it is certainly not going to be any part of the government’s effort at all to want to create even a small roadbump, the minister said.
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There will be some elements of the Competition law that will be amended which will effectively deal with the distortions on the Internet, that some of the big tech platforms tend to demonstrate and tend to bring because of the sheer size of their presence, he said.
“And for startups, we certainly want to make sure that these big platforms don’t come in the way and become elephants that sort of create a burden and create an uncompetitive landscape for us,” the minister said.
India’s capability has been firmly established – compared to the narrative of being a backoffice – the future of technology is being shaped by Indian minds as much as the American or Japanese minds, Chandrasekhar said, adding that global investor confidence in Indian startups and current crop of entrepreneurs is unprecedented.
“Over the past five to six years, the confidence amongst global investors about the capabilities of Indian startups is unquestionable,” he said.
In the online gaming space, there was no framework for several years, he said. “Bad actors milked the situation while good actors built great companies and innovation. We are trying to define the framework now,” Chandrasekhar said.
