Business Standard

Public procurement for Make in India

Strategic use of government purchases is the need of the hour if India is to achieve manufacturing success

india uk trade
Premium

ILLUSTRATION: AJAY MOHANTY

Ajay Shankar
India had a formidable team for the international negotiations that led to the World Trade Organization (WTO) Agreement. One of their major achievements was in keeping “government procurement” out of India’s market opening commitments. This was considered worth fighting for, as it was felt that the government should have the freedom to use its market power as a large buyer of goods and services for its national policy objectives. The creation and nurturing of national capacities were development goals that could be pursued through this exclusion from the general market opening deal, which was the central part of the WTO
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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