Govt allows import of new vehicles for R

Friday, April 7, 2006, 14:08 [IST]

New Delhi, Apr 7: The Government today announced a provision to allow import of new vehicles by auto component manufacturers for research and development purposes without homologation.

India is fast emerging as an important centre for sourcing auto components and the Government has already extended a number of facilities to the sector,'' Commerce and Industry Minister Kamal Nath said while releasing the annual supplement to Foreign Trade Policy.

However, he said, as the facility is for promoting R&D in the sector, the imported vehicle can not be registered under the Motor Vehicle Rules in the country.

''The vehicles will not be allowed to ply on India roads,'' he added.

UNI

Related Stories

New Foreign Trade Policy focuses on job creation
Foreign Trade Policy eyeing 0 billion export target

Other articles published on April 7, 2006

Govt thrust on Gems

Friday, April 7, 2006,14:08 [IST]

New Delhi, Apr 7 (UNI) Providing a fillip to the Gems&Jewellery sector, the Government today allowed exporters to import precious metal scrap for export and also reduced the value-addition norm for importing gold and silver for re-export to 4.5 per cent from 7 per cent. ''Because of a rich tradition of craftsmanship, enterprise and availability of skilled, low cost manpower, India has the potential to become an international hub for gems and jewellery,'' Commerce and.....

India could emerge as refuelling stop for intl flights

Friday, April 7, 2006,14:08 [IST]

New Delhi, Apr 7: Refuelling of long distance flights will now be treated on an equal footing with other exports and brought under the export promotion scheme, Commerce and Industry Minister Kamal Nath said today.''This will hopefully enable India to offer competitive fuel prices and will attract mid-route stops of international flights,'' he said while releasing annual supplement to the foreign trade policy for 04-09.Currently, most foreign airlines replenish supplies of food, beverage and other items or refuel.....

Limitless Updates

India News

News Archives

SBI strike results in UP govt financial crises

Friday, April 7, 2006,14:08 [IST]

Lucknow, Apr 7 (UNI) Even as the nationwide SBI strike entered its fifth day, the Uttar Pradesh government is yet tackle consequent problems, resulting in non-payment of salaries to employees and clearance of other financial obligations for the financial year ending. In a stop gap arrangement, the Reserve Bank of India (RBI) has authorised Allahabad Bank to make payments for all government bills in the strike period. The UP government conducts a business of over Rs.....

'BJP's Rath Yatra would encourage communal violence'

Friday, April 7, 2006,14:09 [IST]

Pondicherry, Apr 7: AICC General Secretary V Narayansamy today claimed the 'Rath Yatra'' by BJP leaders Rajnath Singh and L K Advani will trigger communal violence in the country.Talking to newspersons here, he alleged that the BJP's Rath Yatra was to discredit the Congress, since the BJP wanted to destablise the economy of the country and split people on the basis of religion.Mr Narayanasamy also alleged that the yatra was planned to divert the attention of the people.....

Quereshi downs Bopanna to give Pak 1-0 lead

Friday, April 7, 2006,14:09 [IST]

Mumbai, Apr 7 (UNI) Pakistan drew first blood when their top ranked player Aisam ul-Haq Quereshi defeated Rohan Bopanna of India in straight sets to take a 1-0 lead in the Davis Cup Asia-Oceania Zone group one play-off tie here today. Qureshi beat Bopanna 7-6 (7/5) 6-4 6-4 to put Pakistan one up, at the Brabourne stadium here. Quereshi took control of the match after a tight first set which he won at 7-5 in the.....