India Amends Govt Public Procurement Norms
India has amended its public procurement norms to block those entities of countries from participating in government procurement which do not allow Indian companies to participate in their government procurement.
This move is aimed at creating reciprocity in trade with India’s partners. This move is, however, also likely to influence India’s perspective at the international trade scenario. Moreover, Indian businesses are also likely to get some level of advantage from this amendment and MSMEs, in particular, may also enhance their chances of doing business with the govt.
The Government of India amended the Public Procurement Order, 2017 on 16.09.2020, enabling nodal Ministries/ Departments to notify higher minimum local content requirement for Class-I & Class-II local suppliers which was earlier fixed at 50% and 20% respectively.