US lifts ban on Isro, DRDO and 7 Indian firms

Written by Press Trust of India | New Delhi | Updated: Jan 29 2011, 05:30am hrs
Industry body CII on Friday said the US' decision to remove nine India space and defence related firms, including those from Isro and DRDO, from its Entities List, will help in boosting high technology trade between the two nations.

Removal from the Entity List eliminates a licence requirement specific to firms for export purposes.

Meeting the long pending demand, the Obama govt on the eve of Indias Republic Day removed from its entities as many as nine India space and defence related companies, including those from the Isro, and DRDO.