“People are confident that India will be a good market in the long run, and that its laws in the long run will be fair and transparent enough,” said Jay Goleish, who heads the technical policy at the US-India Business Defense Group. board. “I think these are deep roots that already exist.”
Silicon Valley has been largely closed out of China for years, thanks in part to the country’s huge censorship mechanism dubbed the Great Firewall. The controversial new National Security Law in Hong Kong, where Google and Facebook services are still available due to the relatively unrestricted Internet, can Push them away
The law grants the Hong Kong authorities sweeping authority to regulate technology platforms, including ordering them to remove posts that threaten China’s national security or restrict access to their services. Facebook, Google and Twitter said they would Stop sharing data
With the Hong Kong government, while TikTok did He left the city
“Dealing with China is harder and harder,” said Mark Limley, director of law, science and technology at Stanford University. “There is also a growing feeling that dealing with China implies disturbing moral concessions.”
US lack of confidence in Chinese technology Keeps growing
. President Donald Trump last week claimed credit for thwarting expansion plans for Chinese technology company Huawei, and his administration said it was “looking into” a ban on the famous short video app, TikTok, owned by Chinese company ByteDance.
It is a move that would make the United States more connected to India. Indian government TikTok and dozens of Chinese apps banned
Last month, after a border clash between the two countries that killed 20 Indian soldiers, it led to calls to boycott Chinese products. Despite the technical relationship between India and China Still deep
– Chinese smartphones dominate the Indian market, and most startups in India have significant Chinese investment – recent tensions could boost long-term technical ties between India and the United States.
“India and its neighbors in Southeast Asia have tried to balance the two powers by building greater economic ties with China while sticking to the security umbrella the United States offers,” said Ravi Shankar Chaturvedi, director of research at the Tufts University Business Institute in India. The global context. “By recent measures, China has effectively handed over the United States to India for one generation.”
Chaturvedi and other experts point out that India and the United States have a long-term technical relationship, with thousands of Indian engineers across Silicon Valley and Indians currently working at the head of Google, Microsoft and Many other American companies
“There is a natural synergy between India and the United States in the digital sphere,” Gulesh said, adding that greater use of the Internet by Indian families to mix and work more than their homes during a coronavirus pandemic could boost India’s attractiveness as a market. “It is easy for American companies to look to India in search of opportunities,” he said.
The richest becomes the richest
While American tech companies were looking to the Indian market, the wealthiest man in Asia seemed to position himself as a willing gatekeeper.
Most technology investments in India this year – including Every Facebook
And Almost half of Google
Enter the coffers of companies controlled by Indian billionaire Mukesh Ambani. Jio Platforms, the digital subsidiary of Ambani Reliance Group, has raised more than $ 20 billion since late April from companies, Venture capitalists
And Sovereign wealth funds
Looking to use it as a fast channel for India’s massive digital economy.
Jio was launched as a mobile network in 2016 and soon collected about 400 million subscribers. With recent invasions in e-commerce, digital payments, streaming services, and even a video conferencing platform like Zoom called JioMeet
, Ambani seems to be looking to transform the company into a comprehensive Indian ecosystem.
Silicon Valley clearly wants to enter.
“American technology was not able to penetrate” The Great Firewall of China “but it was easier for her to enter the” Great Firewall in India “established by Jio; all she had to do was pay Reliance fee fees to enter, said Chaturvedi.
As one of the largest companies in India run by the richest man in the country, Reliance has a tremendous amount of local influence and is not overburdened by numerous regulations related to data storage and e-commerce that have been obstacles on Facebook, Google and Amazon.
“No global participant could manage this successfully and quickly on its own like Reliance,” said Chaturvedi. “Many e-commerce and data localization laws have been affected by accreditation.”
As Trump is increasingly managing The American economy is closed from the rest of the world
According to Lemley, Silicon Valley will be looking to expand. India is ready to choose.
“As much as it pains me to say that, the United States is not nearly as attractive a place for innovation as it was five years ago,” Limley said. “Since the Trump administration is making it harder and harder to bring the best and brightest people from all over the world into Silicon Valley, I think technology companies may be looking towards a world where we are no longer the center of innovation.”