Procurement norms tightened to curb imports

The government on Friday further tightened public procurement norms to allow ministries to mandate over 50% local content, while also insisting that overseas companies set up an Indian venture to execute a contract instead of supplying goods through imports.

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Sep 19, 2020 - 11:34
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Procurement norms tightened to curb imports
The government on Friday further tightened public procurement norms to allow ministries to mandate over 50% local content, while also insisting that overseas companies set up an Indian venture to execute a contract instead of supplying goods through imports.