India benefited from China's strict laws, investment of American tech companies including Google-Facebook

Since the beginning of 2020, there has been a flood of investment of big tech companies of America in India. These companies have invested about $ 1.27 lakh crore in India from January to July 15. These companies include big tech companies like Amazon, Facebook and Google. The investment is part of a $ 20 billion investment in India's tech industry. In January, the US e-commerce giant Amazon announced an investment of about Rs 7400 crore for $ 1 billion. At the end of April, Facebook announced an investment of about $ 6 billion crores in India for $ 6 billion. On July 15 last week, Google announced an investment of about $ 75 billion crores of 10 billion dollars.

This situation has not changed overnight over large investments in India. Until a few months ago, American tech companies were in conflict with Indian regulators and their CEO had to travel to Delhi. But things have changed since then. Coronavirus has brought the global economy to a standstill. India too has not remained untouched by this. Apart from this, tensions have also increased between India and China regarding Tech. The Trump administration has expressed disbelief in the Chinese companies, adding to the tone of India. In the end, India has emerged as the first choice for American tech companies to deal with the challenges facing China and Hong Kong.

Another aspect of the flood of investment of tech companies in India is also India's digital economy. There are around 700 million Internet users in India. About half of it has come online. This is a big prize that big tech companies cannot ignore for a long time. According to Jay Gulis, head of tech policy at the US-India Business Council, tech companies are confident that India will remain a good market for a long time. The rules here are going to be fairly fair and transparent.

Silicon Valley companies have been leaving China for a long time. China's censorship mechanism is the biggest responsible for this. Apart from this, new security laws imposed in Hong Kong by China are also a big issue. The new security law empowers Hong Kong's authority to regulate tech platforms. It also includes downgrading posts that pose a threat to China's national security. Facebook, Google and Twitter have said that they will stop sharing data with the Hong Kong government. At the same time, Tittok has decided to leave Hong Kong.

Mark Lamley, director of the Law, Science and Technology Program at Stanford University, says doing business in China is getting harder and harder. Such situations are arising in China that they cannot do business there without compromising morality. America's distrust of Chinese tech continues to grow. Last week, US President Donald Trump took credit for thwarting the expansion plan of China's tech company Huawei. The Trump administration has been consistently advocating a ban on Chinese apps TikTok and ByteDance.