Today News Updates,Flash News Update,India News Update,Hot News Update, World news update,Bollywood News updates,Sports news updates,Nasa News Updates

Welcome To Today News Updates

News Updates delivers Flash News Updates; Breaking Hot News Updates; Bollywood News Updates; Cricket News Updates; India News Updates; Sports News Updates; Health News Updates; Technology News Updates; Nasa News Updates, Entertainment News Updates

Tuesday, January 25, 2011

US drops ISRO and DRDO from entities list



Obama administration removed nine Indian space, ISRO and DRDO.

US drops ISRO and DRDOMeeting the long pending Indian demand, Obama administration removed nine Indian space and defense related companies including those from the Indian Space Research Organisation (ISRO) and Defense Research and Development Organisation (DRDO), from its export control 'Entity List'.

The decision that came out close to India's Republic Day, is said to be a move towards strengthening high technology trade between the two countries.

"Today's action marks a significant milestone in reinforcing the US-India strategic partnership and moving forward with export control reforms that will facilitate high technology trade and cooperation," said commerce secretary Gary Locke, after a notification was issued in the federal registry.

The announcement comes a week ahead of a high-profile visit of a US trade delegation which will visit New Delhi, Bangalore and Mumbai. Locke will lead 24 US businesses on a high-tech trade mission to India. The delegation also includes senior officials from the Export-Import Bank (EX-IM) and the Trade Development Agency (TDA). This is the first step to implement the export control policy initiative announced on November 8,2010 by US President Barack Obama and Indian Prime Minister Manmohan Singh.

The DRDO companies removed from the entities list: Bharat Dynamics Ltd (BDL), Armament Research and Development Establishment (ARDE), Defense Research andDevelopment Lab (DRDL), Missile Research and Development Complex; Solid State Physics Laboratory. The ISRO companies to be dropped from the list are: Liquid Propulsion Systems Center, Solid Propellant Space Booster Plant (SPROB), Sriharikota Space Center (SHAR), and Vikram Sarabhai Space Center (VSSC).

The notification removes India from several country groups in the export administration regulations (EAR) resulting in the removal of export license requirements that were tied to India's placement in those country groups.

It further adds India to a country group in the EAR that consists of members of the missile technology control regime. The move recognises and communicates India's adherence to the regime, the US-India strategic partnership, and India's global non-proliferation standing.

"These changes reaffirm the US commitment to work with India on our mutual goal of strengthening the global non-proliferation framework," said under secretary of commerce Eric L Hirschhorn.

President Obama had assured India that he would remove the above companies from the 'Entity List' during his visit to India in November 2010.

"Commensurate with India's nonproliferation record and commitment to abide by multilateral export control standards, the United States will remove all civil space and defense-related entities from the department of commerce "entity list."

Inclusion on this list generally triggers an export license requirement for items that otherwise do not require an export license," said a fact sheet issued by the White House during the Obama visit.

Dave Lindahl Scam

Stumble Delicious Reddit Twitter Digg it Facebook Technorati Buzz it Diigo Mixx

0 comments:

Post a Comment

We encourage people to contact us with any comments regarding news or any other queries about this site. We will respond you respectively and promptly.

We are going to moderate comments only to avoid unwanted and spam messages.

Thanks for your interest ! ! ! ! ! ! !

News Category

 

Copyright 2010 @ News Updates Blog. All Rights Reserved