Mukesh Ambani Warns of ‘Data Colonization’ in Amazon’s Hottest Market

Indians should own and control their own data, billionaire Mukesh Ambani has said, coming out in favor of recent efforts by the Asian nation to draft strict rules around how digital information is stored and shared.

“Data colonization is as bad as the previous forms of colonization,” Ambani, chairman of Reliance Industries Ltd. and Asia’s richest man, said at an event Wednesday in Mumbai. “India’s data must be controlled and owned by Indian people -- and not by corporates, especially global corporations.”