Select Indian firms can import US technology without licence

Washington (PTI): The United States has put in place a mechanism that would enable select companies in India and China to import sensitive technology from America, without requiring to have import licenses for individual articles.
"We have put in place an innovative mechanism, Validated End User Programme, or VEU. Through this programme, American companies will find it easier to export certain US products to customers that meet the security standards of a US government inter-agency review," US Commerce Secretary Carlos Gutierrez has said.
"To be approved, companies will need to have a strong export compliance programme and a track record of using US high technology responsibly," he said at the Bureau of Industry and Security Conference on Export Controls and Policy.
The Programme was created earlier this year, and eligibility has been extended to India and China. Earlier this month, the US had announced the approval of an initial group of five companies in China which have met the security requirements for this programme, he said.