According to Arun Mehta, president and CEO of Richmond Advisory Services Inc., the professionals of the continuity of business in India have become very interested in public and private sectors. Somehow, the continuity of the business has been part of the business landscape in India for many years, but until recently had been seen as a small piece of risk management in general. In India, the activities of continuity of business have not yet become a part of the policy or uniform process, but they are mostly ad hoc. Others have made plans with the motivation and guidance of their Western-based parent companies.
The infrastructure of the continuity of business in India is still in its infancy, so some companies have decided to outsource only a portion of its production to India. Some companies outsource processes to a number of different cities, in order to reduce risk factors of outsourcing to a company just to get your feet wet in the planning. Other companies go so far as the outsourcing of business to three companies, each in a different city, so that all potential risks are mitigated. Companies with more resources may decide to expand their business outside a number of countries, rather than India, to include some that have an infrastructure of continuity more established business.
The national government has also played an integral role in the continuity of business in India. The National Authority for Disaster Management (NDMA), headed by the Prime Minister, has focused on creating a plan for continuity of business from a disaster in India. The NDMA will use new technology, modern processes and multifaceted strategies to ensure business can continue for a natural or human disaster.
There are a number of concerns about the process by which India is beginning to build their planning regulations. First, a high percentage of small and medium enterprises have not started planning or related to the continuity of the business because business planning standards continuity are too often do not apply to companies with fewer than 1,000 employees . This means that unless the company that subcontracted work is owned in part by a larger company is not expected to create or implement a plan for continuity of business.
In summary, it appears that most of India is prepared to mitigate the damage to the continuity of the business that could be caused by a natural disaster or man. planning for continuity of business is slowly becoming part of the rules of all enterprises in India. Of course, there are still a number of kinks to be worked out, but the country’s ambition to become an economic success will certainly lead to best practices.
Posted in 
Tags: