New Delhi. The Government of India has announced significant reforms in the rules related to import quality check to simplify and speed up the import process. The move is said to be aimed at reducing unnecessary paperwork and freeing traders from hassles.
The government has said that now the number of inspections related to imports will be reduced and the time taken for quality approval will be reduced. Also, technology based system will be used more, which will make the process transparent and reliable. This will not only benefit foreign companies but will also prove helpful for Indian businessmen and industries.
America had expressed complaint for a long time
America had long demanded reforms in India’s import rules, calling them complex and cumbersome. American companies had to face frequent inspections, lengthy approval processes and documentation complications. To solve these problems, the Government of India has decided to modernize and simplify the process.
Expectations towards a trade agreement
These reforms have been made keeping in mind the possible trade agreement between India and America. The government believes that this agreement can be agreed upon by the end of the year. The agreement is expected to reduce US tariffs upon implementation, which will benefit Indian exporters and strengthen trade relations between the two countries.
Experts say that this step will attract investment in India and by speeding up the import process, the cost of doing business will also reduce.
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