Standards are vital but products should be affordable too: Sitharaman
The Dollar Business Bureau Commerce and Industry Minister Nirmala Sitharaman has said on Monday that India has to take lead in making available the quality products to the world at reasonable prices, while emphasising that while standards are important to signify quality they are also made to be affordable for producers to follow and consumers to purchase. “Prime Minister Narendra Modi’s idea of ‘Zero Effect Zero Defect’ aims at exactly this,” she said while inaugurating the 4th National Standards Conclave. She stated that any strategy at national level for standards should have to include technology for disseminating any change in requirements of import in foreign nations so that India’s exporters would be well-prepared to face those hurdles, while adding that the dissemination should ...
Indias policy barriers hurting imports from USA: USITC
USA's exports to and investment in India could increase by up to 66% without trade and non-trade barriers, according to a new report commissioned by the House Committee on Ways and Means and the Senate Committee on Finance Bidhu Bhushan Palo | The Dollar Business Ahead of President Barack Obamas visit to India next month and amid hectic consultations on Indo-US trade, the U.S. International Trade Commission (USITC) has released a new report which claims that Indias imports from USA have remained much below potential mainly due to policy barriers in India. India runs a trade surplus of around $16.6 billion with USA, but this could shrink to a mere $2 billion, if India takes corrective steps, says the USITC in its ...
