EMC Corporation, a known name in information management and storage, launched its compliance range of solutions for India. The solutions are for organizations seeking to comply with the regulatory requirements of the Government of India.

The compliance solutions launched by EMC include EMC(r) Centera with EMC EmailXtender(r) for E-mail Archival and EMC Centera with EMC Documentum(r) for Content Management.

Globally, there are more than 20,000 regulations that businesses need to comply with, including significant legislation such as Sarbanes-Oxley, HIPAA and BASEL-II. In India, specific regulations mandate how companies manage and store their information, including The IT ACT, The Indian Evidence ACT and SEBI Clause 49.

According to IDC, the worldwide information management for compliance market is forecast to cross the US$20 billion mark by 2009, growing at a compound annual growth rate of 22 percent through the 2005-2009 period.

The solution was launched at a briefing session on 'Enabling Regulatory Compliance through Leveraging Information Infrastructure Solutions' that focused on the regulatory implications of Indian IT ACT 2000, The Indian Evidence Act and the Securities and Exchange Board of India (SEBI) Clause 49, and how organizations need to comply through information management policies and systems.

Elaborating on the emerging significance of regulatory compliance, Pavan Duggal, Advocate, Supreme Court of India, and a cyber law expert said, "Multiple regulations today define and govern the way business is done worldwide. Fines, penalties, and worst of all; loss of reputation for non-compliance, are driving companies to address compliance as a serious issue. India's increasing prominence in the global business landscape compels Indian organizations to assess the legal implications of many such regulations. From a legal perspective, data integrity is of prime importance, and organizations need to immediately evaluate their information management and protection strategies."

Speaking at the session, Manoj Chugh, President, EMC India & SAARC Region, said, "Today's discussion clearly establishes that regulatory compliance will drive the next wave of IT investment by organizations in India. This is all about intelligent management and protection of an organizations' data to comply with the rules and policies mandated by each regulatory act."