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EU Justice Department stalls India's security clearance
From: InfoSec News <alerts () infosecnews org>
Date: Wed, 19 Jun 2013 16:07:35 +0000 (UTC)
http://www.theregister.co.uk/2013/06/19/india_outsourcing_data_security_woes_eu/ By Phil Muncaster The Register 19th June 2013India’s outsourcing giants are likely to face more delays in their frustrated bid to tap a potential IT services market worth $30 billion, after a report emerged suggesting the EU still has big data security concerns with the country.
The EU and India have been trying to finalise their Broad-based Trade and Investment Agreement since 2006, with the goal of breaking down trade barriers, but progress in the past few months has been slow, according to The Hindu.
One of New Delhi’s major requests as part of the deal is for the country to be recognised as a “data secure destination”, an accreditation which could increase the country’s outsourcing revenue from the EU from $20bn to $50bn, according to Nasscom’s Data Security Council of India.
Although the EU Justice Department’s study into India’s data protection regime has not yet been completed, mutterings suggest it has identified significant gaps in local laws which could require time-consuming legislative amendments.
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