Government Mulls Nationwide Specifications For Public Procurement As Part Of Industrial Policy


The government is considering developing nationwide specifications for public procurement of goods by Central government agencies to encourage domestic suppliers to plan their production schedule, an official said.

The proposal is likely to be included in the new industrial policy being prepared by the commerce and industry ministry.  The policy may also suggest extending the offset policy in public procurement in sectors beyond defence such as electronics and ICT.

The official said standardised specifications of products would enable government departments and public sector units (PSUs) to release large orders helping the industry achieve economies of scale.

The government and PSUs procure goods and services worth over Rs 5 lakh crore every year, as per estimates.  Read More

You may also read!

Pakistan Arrests Six for Collecting Funds for JeM, Lashkar-e-Jhangvi

Six militants have been arrested for allegedly collecting funds for terror outfits Jaish-e-Mohammad (JeM) and Lashkar-e-Jhangvi (LeJ) in Punjab

Read More...

Chinese road project on their side of LAC under observation: Indian Army

The Indian Army is keeping an eye on a road construction project being undertaken by the Chinese Army across

Read More...

ISRO’s RISAT-2B to give India strategic advantage, new satellite to benefit security agencies

Radar Imaging Satellite RISAT-2B which was successfully placed into orbit by the Indian Space Research Organisation (ISRO) is part

Read More...

Leave a reply:

Mobile Sliding Menu