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India Business Bulletin (August 2017)


The New Policy provides for the formation of a Committee under the Chairmanship of Secretary, DIPP, with representatives from NITI Aayog, concerned Administrative Ministry and independent technical expert(s) on the subject who would examine the claim of applicants on the issue of the products being in the nature of ‘state-of-art’ and ‘cutting-edge’ technology, where local sourcing is not possible and give recommendations for such relaxation.

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