London: Prime Minister Manmohan Singh on Wednesday assured British investors that India has excellent standards for information protection, days after a UK-based channel made damning allegations about data theft from Indian call centres.
"India adheres to all international codes and regulations pertaining to safety and protection of investments and Intellectual Property Rights. We also have in place excellent standards for data protection," he said addressing the India-UK Investment Summit here.
The allegations by Channel-4, which have the potential to hurt the country's booming BPO industry, prompted a police investigation.
"We have signed an MoU with Britain to strengthen our cooperation in IPRs," Singh said.
"Investment in India is both safe and profitable," he said, adding that the country offers tremendous new opportunities in manufacturing, particularly in automobiles and auto components, pharma, biotech and food processing.
Channel 4 last week claimed to have unearthed a racket where Indian call centre workers, handling outsourced work, were selling classified data.
The allegations were reminiscent of a similar fraud involving an HSBC employee in June and another call centre worker in Mumbai in September.
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