Government Eases Quality Control Norms for Bicycle Reflectors
The Indian government has eased quality control norms, allowing manufacturers to import 200 bicycle reflectors for research and development without mandatory quality checks. This exemption also applies to reflectors imported by manufacturers for export purposes. The changes aim to improve the business environment and foster investment.
- Country:
- India
The Indian government has announced an exemption for manufacturers from mandatory quality control norms regarding the import of 200 bicycle reflectors. This move is intended to facilitate research and development efforts, as outlined in an official statement released on Saturday.
This exemption also extends to bicycle manufacturers in India who import the reflectors for export purposes, although it is subject to certain conditions. The decision is part of broader efforts to improve ease of doing business in India.
The Department for Promotion of Industry and Internal Trade (DPIIT) has amended the Bicycle Retro-Reflective Devices (Quality Control) Order, initially notified on July 9, 2020. Effective from July 2023, the amendment aims to enhance the quality ecosystem for attracting investments and nurturing entrepreneurial talent.
(With inputs from agencies.)
ALSO READ
Accusations of Favoritism: Karnataka's CM Challenges PM Modi's Investment Bias
Hi Tech Universe: Revolutionizing Investment with Digital Innovation
Government's Strategic Stake Sale: Boosting Disinvestment Coffers
Singapore Airlines Boosts Stake with Major Investment Post Vistara-Air India Merger
Aditya Birla Group Eyes Further US Investments Amid Positive Trump Stance