New Delhi: Industry body FICCI on Wednesday raised concerns over a new competition law in the US which states that only those manufacturers who can provide proof of using genuine hardware and licensed software should be allowed to export to America.
In an effort to create level-playing field between competing manufacturers globally, some of the US states have passed a new competition law.
Under the law, only those manufacturers, who can provide proof of using genuine hardware and licensed software, would be allowed to export and sell, either directly or indirectly through third parties.
"The law could have serious implications for Indian exporters to US," FICCI said in a statement. While the first laws were passed in the states of Washington and Louisiana on November 4, 2011, Attorney Generals of 39 US states have signed a resolution to combat unfair trade practices in manufacturing by preventing usage of illegal or stolen IT (ie non-genuine and unlicensed software).
To understand the implications of this new law and other compliances, Ficci in cooperation with FIEO, AMCHAM India, Apex Cluster Development Services and CHEMEXCIL on Wednesday organised a half-day workshop in New Delhi.
Industry representatives from sectors like chemicals, garments, textiles, steel, automotive, electronics and engineering participated in the meeting.
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