In a written reply to the Joint Parliamentary Committee on Personal Data Protection, Reliance Jio said that it will never share the data with any foreign entity and it was in favour of data regulation.
Interestingly, 21.06% stake in Jio is held by Facebook, Gulf-based entities like Mubadala and the Abu Dhabi Investment Authority. Jio had made it clear in April this year that its deal with Facebook did not include data sharing. Reliance Industries Limited (RIL) strategy head Anshuman Thakur had said that the deal wasn’t exclusive, but only an attempt to create and expand the ecosystem.
Last month speaking at RAISE 2020 summit, Reliance Industries (RIL) chairman Mukesh Ambani had said that countries in the future would compete over data capital, and underlined the need for a sound regulation to protect this vital national resource and ensure data privacy.