He also asserted the country has the sovereign right to bring all media networks, including social media, under Indian laws.
"The government will not be involved in managing anything. We do not want to interfere, we do not want to manage but if there are citizens who are aggrieved they should have a redressal mechanism," Sibal said during a round-table on Information Technology (Intermediaries Guidelines) Rules 2011.
The round-table saw participation from Members of Parliament, Internet companies and industry bodies like CII, FICCI and Assocham.
"All networks have to be subject to Indian laws. That is are our sovereign right" he said, adding that social media also needs to work with various stakeholders to ensure that it exercises due diligence in context of content that is hosted on it.
He said the government will organise many such round- tables with participation of all stakeholders in order to evolve a consensus on the matter.
"The good part is that the government is saying that it is not looking at censorship, not looking at controlling or managing the content. I think those statements are very important," Nasscom President Som Mittal said.
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Trinamool Congress MP Derek O' Brien said as Internet is a people's medium so its freedom should be maintained.
He, however, added there should be a mechanism to check harmful content but states should be consulted on defining any such matter.