Wed, Mar 29, 2017 | updated 04:44 PM IST

Export controls regimes to play a critical role in India's growth story

Updated: Sep 10, 2016 17:43 IST

New Delhi [India], Sep 10 (ANI): Technology content in manufacturing will go up significantly as India aims to grow at a rate of eight to 10 percent for decades. India needs access to technology, a critical enabler for growth, and join the global supply chain in all spheres.

In the process, India needs to assure its neighboring nations that technology was being handled responsibly and for it export control regimes will play a critical role, said Amandeep Singh Gill, Joint Secretary (DISA), Ministry of External Affairs (MEA), Government of India, here today at a roundtable on 'India's Membership to the Multilateral Export Controls Regimes: Implications and Challenges for Indian Industry' organized by FICCI in collaboration with IDSA.

Gill said that it has become necessary to capture the extent of high technology trade in India and it is the right time for India to harmonize its export control regimes with other nations. He added that India was no longer a passive recipient of framework in the arena but its experts were now an integral part of the groups that were framing the regimes.

Highlighting the benefits of strategic trade controls (STCs) to industry, Anandi Venkateswran, Under Secretary D and ISA, MEA, said that STCs have extra-territorial reach and prevents potential proliferation from international commerce and enables standard controls globally.

She added that STCs supports 'Make in India' and attracts FDI and improves access to high technology and would enable shift of industrial base to India.

Ambassador Jayant Prasad, Director General, IDSA, said that access to high-end technology was vital for India's development. Quoting the India-US High Technology Cooperation Group, he said, it promotes access to dual use items through easing of controls on exports of such goods to India and facilitates bilateral high technology commerce in its broadest sense with the US. There is a need for India now for regulatory framework which promotes transfer of high-end technology with ease.

In the presentation on Industry Survey conducted by IDSA for MEA on Industry Preparedness and Compliances to Export Control Regimes was made by Dr. Rajiv Nayan, Senior Research Associate, IDSA and Alisha Anand, Intern, IDSA.

The survey recommended reforms in licensing regime, creation of a web portal, outreach and training programs for awareness creation about export control regime, creation of an online classification tool to identify goods that fall under the category of SCOMET, online system for tracking the application of licenses and creation of a help desk for industry players.

Dr. A Didar Singh, Secretary General, FICCI, said that the government needs to play the role of a facilitator to industry and create awareness among the stakeholders about export controls regimes. FICCI has been proactively working in this space as future of industry, trade arrangement and manufacturing will rest on technology.

Hence it becomes necessary for businesses to understand the export control regimes to functions seamlessly in future. He added that FICCI has been building awareness among industry about trade control regimes by using varied platforms. (ANI)

New Delhi [India], Mar 29 (ANI): TiE Delhi-NCR, the world's largest network of successful entrepreneurs and professionals presents the sixth edition of India Internet Day to facilitate all conversations around India's aspirations as a future world leader and sustained, well-distributed growth of our vibrant economy.

Full Story >>

New Delhi [India], Mar 29 (ANI): India's first mobile app based B2B E-commerce player WYDR has announced hiring of Alok Varman as their new Vice President, Operations.

Full Story >>

New Delhi [India], Mar 29 (ANI): India's healthcare apex body NATHEALTH on Wednesday announced its new leadership team for the year 2017-18.

Full Story >>

New Delhi [India], Mar 29 (ANI): Leading open digital payments company PayPal has announced its partnership with Vistarooms.com to enable foreign travelers travelling to India book hotels in a safe and seamless manner and on a platform they are familiar with.

Full Story >>

New Delhi [India], Mar 29 (ANI): APUS Group, China's fastest growing unicorn with over 510 million global users has acquired Venture Catalysts-backed Siftr Labs for an undisclosed amount.

Full Story >>

New Delhi [India], Mar 29 (ANI): The 33rd Edition of India Carpet Expo, Organized by Carpet Export Promotion Council at Pragati Maidan, New Delhi, has received overwhelming response from around 350 buyers from across the world in the second day of the Expo. India Carpet Expo "Showcasing new Fall-winter collection, as per the buyers' requirements in terms of size, design, color and quality which is grabbing the interest of the buyers.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Lakshya Digital, India's leading game art development company is hosting the 'Keywords Game Art Summit' from March 28 to 31 March at Gurugram, to discuss India's growing prominence as a game art development hub for top publishers across the world.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Citizen engagement platform LocalCircles conducted a poll regarding the impact of the Maternity Bill on employment figures among women in SMEs and Startups. The poll registered more than 4300 startups, SMEs and entrepreneurs as participants.

Full Story >>

New Delhi [India], Mar. 29 (ANI): FutureDial, a provider of device processing solutions partnered with Rocking Deals in order to examine and certify the quality of refurbished products that are being sold in the Indian market.

Full Story >>

New Delhi [India], Mar 29 (ANI-NewsVoir): Home Credit, one of the fastest growing NBFCs in India that has completed five years of operations in the country has emerged as the market leader in small ticket size loans.

Full Story >>

New Delhi [India], Mar. 29 (ANI): India's 'star serial entrepreneur' Sandeep Aggarwal announced plans of investing Rs. 20 Crore in up to 12 start-ups by the end of this year, in the areas of healthcare, tech and retail.

Full Story >>

New Delhi [India], Mar 29 (ANI): Union Finance Minister Arun Jaitley on Wednesday called the Goods and Services Tax (GST) Bill revolutionary, saying it will benefit all with the free movement of goods across the country.

Full Story >>

New Delhi [India], Mar 29 (ANI-NewsVoir): GoDaddy, the world's largest cloud platform dedicated to small, independent ventures, today announced the launch of GoDaddy's new Website Builder combining a mobile optimized website builder with an integrated set of marketing and e-commerce tools, making it easy for small businesses in India to attract visitors and drive results.

Full Story >>

Astana Expo-2017 road show held in Delhi

Updated: Mar 29, 2017 11:39 IST

New Delhi [India], Mar.29 (ANI): With less than three months to go for Expo-2017, an international exposition scheduled to take place between June 10 and September 10, 2017 in Astana, Kazakhstan, the Embassy of Kazakhstan in India and two leading tour operators of India and Kazakhstan --Sayat Travel (Kazakhstan) and Salvia Travels Pvt. Ltd. (India) - organised a road show on the theme "Travel the Great Silk Road and visit Astana Expo-2017" here.

Full Story >>

New Delhi [India], Mar. 29 (ANI-NewsVoir): Opple, a global integrated lighting solutions company and one of world's Leading LED Lighting brand launched a unique and innovatively designed light, Twinkle Star. This is Opple's newest addition to their range of home luminaries.

Full Story >>

New Delhi [India], Mar. 29 (ANI-NewsVoir): Yakult Danone India Pvt. Ltd., a joint venture between Yakult Honsha, Japan and Groupe Danone, France, both global leaders in probiotics, announced Bollywood celebrity Shilpa Shetty Kundra as their new Brand Ambassador.

Full Story >>

New Delhi [India], Mar. 28 (ANI): The Economic Affairs Secretary, Shaktikanta Das on Tuesday set the gross market borrowing for the first six months at Rs 3.71 lakh crore or 64per cent of the full year's target of Rs 5.8 lakh crore.

Full Story >>

Idea launches 4G services in Jammu

Updated: Mar 28, 2017 17:22 IST

New Delhi [India], Mar 28 (ANI): Telecom operator Idea Cellular on Tuesday announced its operations of world class 4G services in Jammu and Kashmir circle.

Full Story >>

New Delhi [India], Mar. 28 (ANI-NewsVoir): Pachouli - a leading health, fitness and beauty brand joined hands with India Designer Society to partner for one of its kind fashion reality show "India Kids Fashion Fest."

Full Story >>

New Delhi [India], Mar 28 (ANI): Given the continuing sluggishness in the key real estate and construction sectors, ICRA expects the overall steel consumption growth for FY2017 to be lower than the previous year levels.

Full Story >>