FICCI@100 : 990 days to go
Become a Member Members Zone Employee Zone
India's membership of multilateral technology-supply regimes will bolster its case for entry into NSG: FICCI Secretary General

Apr 18, 2018


 

NEW DELHI, 18 April 2018: India's membership of multilateral technology-supply regimes would facilitate India's access to advanced technologies, boost growth, particularly in the value-added manufacturing sectors and give a fillip to the government's 'Make in India' campaign, Mr. Dilip Chenoy, Secretary General, FICCI, said here today.

 

Addressing 'FICCI's 2nd National Conference on Export Control', Mr. Chenoy said that entry into these multilateral regimes would also serve to strengthen the case for India's entry into the Nuclear Suppliers Group, allowing India to secure its energy future, reduce its dependence of thermal power plants, thereby cutting its emissions and reducing air pollution.

 

Unveiling FICCI's 'Export Control Compliance Manual 2018', he said that by voluntarily adopting regulations which are at par with, if not more stringent than, the highest global standards, Indian industry would be able to carve a greater role for itself in global supply chains for high technology and strategic sector items. Trade in strategic commodities and dual-use goods falls at the intersection of national security and foreign economic activities. Hence, the responsibility against proliferation falls squarely on the industry which is the �first line of defence'.

 

Mr. Chenoy said that there exists an information gap amongst small and medium enterprises (SMEs) on how SCOMET regulations apply to them and for which categories. The Internal Compliance Programme (ICP), he said, is sometimes perceived to be unaffordable for Indian SMEs. The fact is the actual cost of implementation is very little and should be seen as investment for growth.

 

FICCI conducts outreach workshops to bridge this perception.

Also Read

Event