Wednesday, July 2, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

DGFT considering Policy on exports of ‘Dual Use’ category

Fiinews by Fiinews
August 25, 2018
in Banking & Finance, Exports, Imports, Manufacturing
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Dialogue for further enhance compliance

 

IR Class logo

 

 

In order to facilitate the export of specialised chemicals falling under the ‘Dual Use’ category, the Directorate General of Foreign Trade (DGFT) is actively considering a policy of issuing general and bulk licenses, drawing upon the templates used by several countries that are members of multilateral export control regimes.

This was stated by Sanjay Tiwari, DGFT Deputy Director, while addressing the workshop on ‘Trading in Strategic and Dangerous Chemicals: What the Industry needs to know’.

DGFT is committed to a sustained dialogue to further enhance corporate compliance so that India maintains its strong non-proliferation record while also maximizing the opportunity for robust growth in the chemical sector, he said.

Dr. Anupam Srivastava, CEO, SafeZone India and Non Resident Fellow, Stimson Centre, highlighted the need for updated policies, control list and guidelines upon joining the Australia Group (on 19 Jan 2018), eliciting industry feedback on whether any process-level simplifications might facilitate them for meeting their compliance obligations, and the international best practices in manufacturing and meeting chemical safety and security standards.

Specialised Chemicals falling under ‘Dual Use’ category, i.e. items that have both civilian and military use, are regulated under Indian export control list – SCOMET (Strategic Chemicals, Organisms, Materials, Equipment and Technologies). All items under this list require licence from DGFT, DAE or DDP/Ministry of Defence, prior to export of the regulated commodities.

Anandi Venkateswaran, Under-Secretary (D&ISA), Ministry of External Affairs, said that robust compliance standards by the industry were crucial in building trust with foreign partners and forging technology-based partnerships.

The workshop witnessed participation from a range of companies from the Indian Chemicals sector, experts from Government of India, US Department of Energy, Stimson Centre and the Indian industry who engaged in a technical and policy discussion relating to trade in dual-use items, technologies and services.

It as organized by the Federation of Indian Chambers of Commerce and Industry in association with the Indian Chemical Council (ICC) and Henry L. Stimson Centre of Washington, DC. fiinews.com

Tags: Directorate General of Foreign TradeFederation of Indian Chambers of Commerce and Industry
ShareTweetShare

Related Posts

Ministry of Textile
Exports

Export: Govt to facilitate easy trade environment

by Fiinews
July 2, 2025
0
15

Manufacturers urged to ramp up production Commerce and Industry Minister Piyush Goyal has reaffirmed the Government’s commitment to create a...

Ericsson
Manufacturing

Manufacturing: India benefits form global partners

by Fiinews
July 2, 2025
0
18

Ericsson, Apple, Google and Qualcomm contribute beyond investments Minister of Communications Jyotiraditya M. Scindia has underlined the transformative impact of...

Greenzo Energy

Manufacturing: Greenzo to invest in electrolyser

July 1, 2025
16
RRP S4E

Manufacturing: India to get Bulgarian technology

July 1, 2025
17
Ohmium

Manufacturing: Partnership for hydrogen solutions

June 29, 2025
15
Sekisui

Manufacturing: Sekisui expands capacity in Pune

June 26, 2025
14
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: LTIMindtree offers GCC-as-a-Service
  • Tech: RDI scheme to involve private sector
  • Project: Indo-Russian Cooperation builds INS Tamal
  • Project: Udaygiri delivered to Indian Navy
  • Project: India-UAE work on resource security

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.