Changed procurement conditions help Indian cos get biz from ONGC, Railways

Over Rs 50 billion benefit has come to domestic companies

The government intervention for promoting Make in India in public procurement has resulted in garnering over Rs 50 billion benefits to Indian companies. The changed procurement conditions helped domestic companies to get business from the Railways, GAIL India and Oil and Natural Gas Corporation, among others.

One of the beneficiaries is Jindal Steel & Power Ltd (JSPL) that had earlier been kept out of procurement for rails but now is likely to get 20 per cent of the tendered volume under the new policy. The total size of the tender is expected to be around Rs 30 billion of which