New business activity for IT,ITES,BPO,KPO in Jaipur
As European Union is gearing up for new privacy compliance law, IT,ITES,BPO and KPO companies dealing with EU companies and operating in Jaipur have to add another business activity in their profile. EUGDPR (EU general data protection regulation) compliance.
Question arises how a law in European Union can affect business in Jaipur. Yes it can because if companies in Jaipur are not compliant with that law , their clients can stop doing business with them . Business contracts signed between companies in Jaipur and EU companies does not have concerns related to personal information data protection but from 25th May 2018 onwards this will be new addition .
New data protection addendum is designed by EUGDPR and nothing can be changed in that addendum that means companies need to follow all organization and IT controls while dealing with EU data. This itself will increase the cost of production and clients in EU would like to ensure that companies here follow that as in the absence of that burden of penalty will be born by them.
So companies in Jaipur need to start working on this compliance and should take expert help to assess their readiness towards GDPR compliance else gets ready to get hit on their business.