Agencies from countries where Indian suppliers cannot participate or compete in bids for government procurement, could be restricted or excluded from public procurement tenders in India. This change in the Indian government’s new policy is meant to encourage ‘Make in India’ by giving preference to local suppliers in public procurement. The policy was approved by the Cabinet last month and is aimed at boosting domestic manufacturing and services to better enhance employment, income, and also increase the flow of capital and technology into domestic manufacturing and services.
Full Story: The Hindu
Image Courtesy of Nicolas Raymond