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India looking to compel e-commerce, social media firms to store data locally

MUMBAI: India is considering asking e-commerce and social media firms to exclusively store customer data locally, in a move that could affect global giants that operate in the country such as Amazon, Facebook, and its messaging service WhatsApp. The government is also thinking of tightening scrutiny of mergers in the e-commerce sector so that even small deals that potentially distort competition are compulsorily examined by the country’s anti-trust regulator, a Draft National Policy Framework document seen by Reuters…