India's trade ministry says it cannot impose a ban on electronic cigarette ...
NEW DELHI - India’s trade ministry says it cannot impose a ban on electronic cigarette imports as there is no legal basis for doing so, an internal government memo viewed by Reuters shows, in a boost for those looking to tap into the country’s growing vaping market.
The country has 106 million adult smokers, second only to China, making it a lucrative market for firms such U.S.-based Juul Labs and Philip Morris International that plan to launch e-smoking devices in the country. The country must first prohibit local sales through federal regulations that “can stand the scrutiny of law”, the memo adds.
Its vapor-products market was valued at $15.6 million in 2017 and is seen growing nearly 60 percent annually in the next few years, Euromonitor International estimates. A Jubilant unit, however, said in a letter to the health ministry dated Jan. 11, that it had identified Juul as a “highly safe” product which has “benefited millions of consumers”.
FILE PHOTO: A woman holds a Juul e-cigarette while walking in New York, U.S., September 27, 2018. REUTERS/Brendan McDermid/File Photo
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Ford likely to end independent India business with new Mahindra deal - sourcesFord Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-ven...
Read more »
India central bank cuts rates by 0.25%, sees need to spur growthIndia's central bank cut its benchmark interest rate by 25 basis points on Thursday, in a widely expected move to boost the economy, while keeping its monetary policy stance 'neutral' despite subdued inflation.
Read more »
Apple cuts iPhone XR prices in IndiaApple has cut prices of one of its latest iPhones in India by around one-fourth, sources said.
Read more »
Facebook says has made headway against abuses ahead of India electionFacebook officials touted new fact-checking efforts and technological advances such as the ability to detect when videos had been doctored.
Read more »
Caste rivals ally to defeat ruling party in northern IndiaPolitical archrivals in India's most populous state have stitched an inventive political alliance that fuses votes from the ancient caste system to take on the ruling Hindu nationalist party-led government.
Read more »
India tries to juice its economy on the eve of electionsCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Read more »
Pakistan prime minister accuses India of war hysteriaPakistani Prime Minister Imran Khan blamed India's ruling Bharatiya Janata Party (BJP) for 'whipping up war hysteria' over claims that India shot down a Pakistani F-16 in February.
Read more »
Pakistan PM Imran Khan sees better chance of peace talks with India if BJP wins electionPakistani Prime Minister Imran Khan said he thinks there may be a better chance ...
Read more »
Pakistan accuses India of planning new attackPakistan's foreign minister says the government has 'reliable intelligence' that India was planning an attack next week -- claims its nuclear neighbor immediately dismissed as 'irresponsible and preposterous.'.
Read more »