India Business Month: experts discuss impact of increasing technical regulations
In the last five years, India has published various new technical regulations, increasing the number of regulated products from around 100 to almost 400. The new regulations aim to ensure that products meet health and safety requirements. But what kind of impact do they have on businesses operating in India? How exactly will they be implemented and what kind of support is there for companies to comply with them? These and other questions were discussed during the 4th session of the India Business Month "Dealing with Indian Bureaucracy, Background on Regulations & All you need to know about BIS Registration" on 16 February 2021.
The India Business Month is organised by the consultancy Maier+Vidorno between 4 and 25 February 2021. In seven online exchanges, experts from different sectors talk about success factors for foreign companies in India. More than 130 experts and representatives of European companies took part in the exchange on 16 February.
At first, the India director of Prosus Sehraj Singh, shared his experiences in India. He emphasised the importance of understanding the Indian system and culture to communicate successfully with Indian decision-makers.
Alok Kesari from the Global Project Quality Infrastructure (GPQI) gave insights on market access in India and the impact of increasing technical regulations on foreign companies. Mr Kesari elaborated on GPQI’s initiatives to support the industry, especially small and medium-sized enterprises (SMEs), in complying with these technical regulations. He also touched on its cooperation with industry associations. Various GPQI publications , in particular "Overview of India's Quality Infrastructure", provide guidance for companies.
The head of the legal department at Maier+Vidorno Dhrub Thakur went into more detail about the process of BIS registration. He elaborated on the Compulsory Registration Scheme (CRS) and the Foreign Manufacturers Certification Scheme (FMCS).
Find out more about the activities of the Indo-German Working Group on Quality Infrastructure in the GPQI.