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Thursday, June 06, 2019

Public Procurement Policy revised to boost Make-In-India

Government of India revised 2017 order on local preference in public procurement.
1. upto Rs50 lakhs only the local supplier shall be eligible to bid,
2. purchase preference to local supplier where the total value is more than 50L but divisible among bidders.
3. The minimum local content is 50%.
4.The margin of purchase preference can be upto 20%.
5.Self certificate by local supplier accepted on local content.
6. supplies protected under IPR exempted from local content stipulation.

India is not a member of WTO's GPA and has chosen to be observer only.

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