Delhi HC: Passing Off is a Distinct Right, Which Resides in its Own Common Law Space  ||  Delhi HC Seeks ICICI’s Response on Plea Alleging Lack of Accessibility Standards for PWDs  ||  Bombay HC: Saying ‘I Love You’ in with No Sexual Intent Isn’t Sexual Harassment  ||  Rajasthan HC: Centre & State to Issue Directions Regarding Excessive Use of Mobile Phones by Children  ||  Allahabad HC: Undressing Woman but Failing to Commit Intercourse Amounts to ‘Attempt to Rape’  ||  MP HC: Taxpayers with Appeals that are Pending are Eligible for 50% Relief under Samadhan Scheme  ||  Del. HC: Indian Citizen Apprehending Arrest for Offence Committed Abroad Can Invoke Sec. 438 of CrPC  ||  Delhi HC: Can Grant Ad-Interim Maintenance without Filing Specific Application  ||  Delhi HC: Govt. to Take Steps for Involving Mental Health Professionals in Premature Release Process  ||  Del. HC: “Goodwill” for Purposes of Passing off, is in the Name Under Which Business Is Done    

Fresh guidelines for tyre manufacturers by Ministry of Commerce and Industry- (Ministry of Commerce and Industry) (31 Aug 2023)

MANU/INDP/0020/2023

Commercial

The Indian tyre industry has been witnessing a rise in the demand for production of tyres for export and domestic sales. The increasing ownership of vehicles aids the tyre industry. There is also a surge in demand for tyres for trucks and buses owing to the rising mobility and industrialization. Research and Development (R&D) and the launch of advanced and eco-friendly tyres also aids the market growth for tyres.

Presently, import authorizations for new pneumatic tyres have been placed under 'Restricted Category' in terms of Notification No. 12/2015-2000 dated 12-06-2020 issued by the Directorate General of Foreign Trade (DGFT) and hence, the importers have to apply for Import Licence for tyres covered under the aforesaid Notification.

Considering the overall growth of tyre Industry in India, the Ministry of Commerce and Industry has proposed fresh guidelines for tyre manufacturers; committing to invest in India in brownfield or greenfield projects for manufacturing tyres, falling under the Restricted List. Specific details are available with the concerned Division of Department for Promotion of Industry and Internal Trade (DPIIT).

Tags : GUIDELINES   TYRE MANUFACTURERS   INVESTMENT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved