India's Membership into Multilateral Export Control Regimes heralds an era of providing “Made in India” high technology products, materials, and technologies across the world. However, at the same time, terrorists, proliferators and non-state actors are increasingly turning their attention towards India as well.
Therefore it is imperative that Indian manufacturers and service providers of dual-use technologies be fully cognizant of, and compliant with Strategic Trade Control regulations.
Indian companies must ensure indigenous products and services are not exported to customers abroad that are the procurement arms for terrorist groups or countries engaged in building nuclear, chemical, biological weapons and/or delivery systems for these weapons.
Compliance requirements and regulations
Government of India passed the Weapons of Mass Destruction (WMD) Act in 2005, and harmonized its control list, SCOMET (special chemicals, organisms, materials, equipment and technologies) with those of the Nuclear Suppliers' Group (NSG) and the Missile Technology Control Regime (MTCR). Now that India is a member of MTCR, Australia Group (AG) and the Wassenaar Arrangement (WA), SCOMET will eventually be harmonized with AG and WA as well.
Government of India is also committed to various UN Resolutions and conventions that require safeguarding against misuse of dual-use technologies and services by non-state actors (illegal and/or terrorist entities) including meeting the requirements of the United Nations Security Council Resolution 1540.
Impact on Business
Indian companies need to classify their products and services with greater precision and update their internal systems of compliance in accordance with Indian and international regulations. Foreign companies seeking to participate in India's strategic sectors need to remain compliant with their national obligations as well as with Indian regulations
Against this backdrop, FICCI, in partnership with the Ministry of External Affairs(MEA), is organising “National Conference on Export Control” on April 18, 2018 at FICCI, Federation House, Tansen Marg, New Delhi
Chiraag SamaddarAssistant DirectorM: +91- 9871684021T:+91 11 23487276E: email@example.com
Aakanksha SharmaAssistant DirectorM: +91-9871534380T: +91-11- 23487531E: firstname.lastname@example.org
M: +91- 9871684021
T:+91 11 23487276