The move comes amid ongoing negotiations between New Delhi and Washington for a trade deal, which India hopes will ease a 50% tariff previously imposed by former President Donald Trump on certain key exports, linked to India’s purchases of Russian oil.
According to the commerce ministry, the new reforms will simplify documentation, shorten processing times, and reduce the number of inspections required for quality approvals.
”The reforms aim to accelerate processes, reduce turnaround times, and leverage technology-driven systems to make quality assurance faster, more transparent, and more accessible for enterprises, institutions, and citizens,” said Jaxay Shah, the chairman of the Quality Council of India.
Commerce and Industry Minister Piyush Goyal on Monday said that India and the United States are in the advanced stages of negotiations for a bilateral trade agreement.
Speaking to journalists, Goyal said India has already finalised free trade agreements with three members of the Five Eyes (FVEY) intelligence alliance — Australia, United Kingdom, and New Zealand. The other two members of the grouping are the United States and Canada.
The minister said India is also preparing to re-engage Canada on a bilateral trade pact. “We are soon going to launch discussions for the terms of reference with Canada as well,” Goyal said, adding that the move reflects India’s growing strategic importance in global geopolitics.
With inputs from agencies
