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Government Taking Steps To Reduce Licencing Time For Sensitive, Dual Use Exports

Capital Market 

Vijay Kumar, Additional DGFT, Ministry of Commerce and Industry, Government of India has stated that the government is taking necessary steps to further reduce the licencing time for exporting sensitive and dual-use products and technologies from India. Speaking at the 3rd National Conference on Export Controls 2019 organised by FICCI, Kumar said that the government has simplified many policies in the last year and strengthened the e-platform for licencing sensitive and dual-use exports.

For this, the government is adopting and adapting international best practices for its licencing protocol, he said. Further, the government is in the process of reviewing its Foreign Trade Policy and have invited suggestions from stakeholders, he added.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 18 2019. 12:23 IST