Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
To discuss India's export control policies for sensitive commodities and technologies, the government will convene a meeting of all interested parties on January 30, including leaders of the industry and global experts.
Directorate General of Foreign Trade (DGFT) in partnership with the Ministry of External Affairs (MEA) will be organising the National Conference on Strategic Trade Controls (NCSTC), focusing on India’s Strategic Trade Control system related to Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET). The conference will also deliberate international best practices, for ensuring compliance related to the export of dual-use (industrial and military) goods, software and technologies, an official statement said.
Key international speakers including the heads of 1,540 committees of the United Nations Security Council (UNSC) and the Chair of the Missile Technology Control Regime (MTCR) will be participating in the day-long conference, which over 500 industry representatives will attend.
The conference mainly focuses on outreach to the Industry, especially for those dealing in sectors regulated under India’s SCOMET list including special materials and high-tech equipment, chemicals, biotechnology, defence, aerospace (comprising Drones/UAVs), electronics and semiconductors, telecommunications, information security and related software and technology, the statement said.
Industry leaders are expected to share their experiences related to the export of dual-use goods and technologies. The thematic sessions will focus on various aspects of India’s Strategic Trade Control system, including the legal and regulatory framework, the steps taken to streamline the SCOMET policy and licensing processes, the enforcement mechanism and supply chain compliance programs.
As part of India’s Strategic Trade Control system, which is in consonance with the relevant control lists, guidelines and provisions of the international conventions, India regulates exports of dual-use items, nuclear-related items, and military items, including software and technology under the SCOMET list.
These regulations primarily focus on controlling the export of SCOMET items to balance a country’s commercial and security requirements. Dual use means the usage of certain goods and technologies in military applications including in nuclear, chemical or biological weapons of mass destruction (WMD), along with their civilian or industrial applications.
Also Read : Germany's Steel Sales Skyrocket by 76.3% in January JSL Serious About ₹40,000 Cr Investment in Maharashtra.
JSW Steel and South Korea's POSCO have formalized plans to establish a mega steel plant in Odisha's...
Construction 03-Mar-2025
The Competition Commission of India (CCI) has given its approval for JSW Ventures Singapore Pte Ltd,...
Large Corporate 24-Jan-2024
The Prime Minister, Shri Narendra Modi inaugurated, dedicated to the nation and laid the foundation...
Press Releases 16-Feb-2024
Vedanta Ltd, an Indian metals-to-oil conglomerate, will no longer add coal-fired capacity, according...
Large Corporate 22-May-2024
Nickel prices surged to their highest level in ten weeks as concerns about the escalation of US sanc...
Non-Ferrous 23-Feb-2024
Steel Exchange India is navigating a turbulent phase as ongoing market volatility continues to impac...
Business 27-Feb-2025