Business Standard

Friday, December 27, 2024 | 01:34 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Govt scraps tenders worth Rs 30,000-crore to push Make in India products

Piyush Goyal asked the industry to look for ways to expand the country's export basket by adding more value-added products and cut shipments of raw materials

Odisha to host 'Make in India' event in December
Premium

BS Web TeamAgencies
Government tenders worth about Rs 30,000 crore were cancelled because of discriminatory practices being followed, a top official said on Monday.

Restrictive and discriminative tender practices prevent participation of domestic companies in government procurement, hurting 'Make in India' initiatives.

The Department for Promotion of Industry and Internal Trade (DPIIT) from time to time has intervened to change conditions in those tenders in order to promote 'Made in India' goods.

"Many of the restrictive and discriminative tender practices have been identified. Almost Rs 30,000 crore (worth) of tenders have been cancelled because of discriminatory practices," DPIIT Secretary Guruprasad Mohapatra said here at a function.

He

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in