Nothing stops companies from processing data in India itself: Paytm CEO

Expressing support for data localisation, Paytm founder Vijay Shekhar Sharma on Tuesday said data generated in India should be processed within the country.

Speaking at the 15th India Digital Summit, Sharma said there is nothing that stops companies from processing data in India itself.

He added that companies need to look at India beyond as just a market, given the massive opportunity it presents.
“India is an open market, we welcome foreign companies, we need to put them to the same laws and orders… Beyond that, may the best product win.

“I’m not saying a product, just because it is made in India, will be superior. Ultimately the superior product wins,” he said.