Govt promotes the scope for the local content requirement for public procurement

08:20:00 AM, Saturday 19th of September 2020 | in miscellaneous

In a bid to promote self-reliance, the central government further expanded the scope for the local content requirement in public procurement. Class I local supplier's minimum requient is 50 % whereas for Class II local supplier is a minimum of 20 %. This move comes at a time when India has been indicating decoupling of trade and investment relationship with China, followed by a border clash in June.