RIL to gain from personal data laws: Merrill Lynch

India’s new policies around personal data protection (PDP) bill may fetch revenues to the tune of $1-2.5 billion for the Reliance Industries, while it will have negative implications for companies like Facebook, Amazon, Google and Walmart, said a Merrill Lynch report.

The report noted that the new regulation or policies around the PDP bill and the guidelines on foreign internet companies and draft e-commerce policy will not go well with India businesses of the US companies, including Facebook, Amazon, Google and Walmart.

“As and how the new privacy law guidelines become clear, we believe Reliance Industries may be a beneficiary by generating revenues from digital ad (currently not earning any revenues as regulation is not clear).