Alphabet Inc unit Google, Netflix Inc, Meta, Amazon.com Inc and other tech giants say the idea amounts to an internet traffic tax that could undermine Europe's net neutrality rules treating all users equally.

Bengaluru hosts more than 3,500 IT companies and some 79 'tech parks' - upmarket premises that house offices and entertainment areas catering to technology workers.

LG Electronics has long struggled to increase sales, entering the market late and facing tough competition from emerging cheaper Chinese rivals such as Huawei.

The tech firms are shifting their focus to booming Southeast Asian markets as authorities tighten the screws at home amid concerns about the platforms' growing power.