IGI Logo

Unveiling 80% concession for women entrepreneurs and 50% for MSMEs in licensing fees for licenses granted by Petroleum and Explosives Safety Organisation (PESO), Union Minister of Commerce and Industry, Piyush Goyal has directed PESO to formulate guidelines in consultation with the Central Pollution Control Board (CPCB) and Ministry of Petroleum and Natural Gas (MoPNG) for creating a template of safety measures allowing retail outlets of petrol pumps to function in cases where there is habitation within 30-50 metres.

Union Minister directed that a committee will be formed to study if a licence for explosives, transport and manufacturing can be given for ten years; a committee will examine the issue regarding increasing the validity of licence to 10 years as all licences except for explosives are given for a duration of ten years. To further streamline processes, the Minister directed that efforts must be made to involve Third Party Inspection Agencies (TPIAs) in more areas. He said that online permission modules will be developed by PESO for few areas which are yet offline. Goyal further directed that the process for filling up vacancies in PESO must be expedited.

Meanwhile, Goyal chaired a Stakeholder Consultation in New Delhi to solicit insights and feedback from Petroleum, Explosives, Fireworks and other related industry leaders, aimed at enhancing efficiency in the functioning of PESO. He stated that the compliance of the Petroleum and Explosives Industry must be balanced with public safety. The Stakeholder Consultation was convened by the Department for Promotion of Industry and Internal Trade (DPIIT).