ias100.in Official Website for Civil Services Chronicle IAS 100 IAS 100
Click here for UPSC Prelims 2017 Question Paper & Answer Key
You are here: Daily Dose
Public Procurement Sipped with Made in India

It is often seen that many countries to promote their own companies restrict access to foreign companies in their public procurement processes.

Now to counter such actions taken against Indian entities, the Central government has made changes to the public procurement policy through its Public Procurement (Preference to Make in India), order 2017.

As per the order,
• Any nodal ministry if satisfied that Indian companies related to the Ministry are barred from supplying items in a foreign country, the Ministry can proceed in barring companies from that country in bidding for public procurement of an item or items of the Ministry.
• Minimum percentage of local content to be procured by a nodal Ministry is 50%
• Higher or lower percentage for anitem or items can be prescribed by the nodal Ministry.

The policy will boost domestic manufacturing and services; creation of employment; enhancement of incomes; increase in flow of capital and upgradation of technology.

The policy will be implemented by a five-member committee chaired by Secretary of Department of Industrial Policy and Promotion (DIPP). It will look into any implementation hurdles, cartelization, increase in government expenditure on publicly procured goods or services and suggest remedial measures.

Share Button

Subscribe IAS100 Newsletter

  UPSC Daily Dose : Current Affairs
Voluntary Review Report on SDGs
Ranking the Cities Based on their Liveability
Smart Cities Challenge Throws Up New Members
RBI Stern Warning on NPA for SCBs
Indian Space Horse Does it Again – PSLV-C 38
SEBI in tango with PSBs to reduce NPAs
Sun - the Job Creator for 3 Lakh Workers
Now, Aadhar Needed for TB Treatment
Janmukti for GJM - Agitation Continues
Counting the Exoplanets
Indian Navys FDN at Kattupalli Shipyard
BCCI Should Comply with RTI Act - CIC
Burrowing Frogs - A New Discovery in WG
F-16 to be Made in India
National Anti Profiteering Authority - The GST Effect
Name* :   
  E-mail* :   
  Mobile* :   

  Your Query* :

Home | About Us | Contact Us | Terms & Conditions | Refund Policy | Delivery Policy | Disclaimer | Copyright Policy | Privacy policy |
Partner sites :chronicleias.com | chronicleindia.in | cgmantra.in
GS Mains Test series 2017 View Details Sociology Optional Test Series 2017View Details History Optional Test Series 2017View Details


Please Give Your Valuable FEEDBACK To Serve You Better.

Please enter security code, displayed below !
(Note: code should be entered in small letters)