NEW DELHI: India will demand foreign firms use more locally produced materials when working on government-run projects, a government order said late on Friday.
Indian authorities have been aggressively promoting Prime Minister Narendra Modi’s flagship campaign of a self-reliant economy by urging domestic manufacturers to cut down on imports.
The trade ministry’s department for promotion of industry and internal trade (DPIIT), ordered all government administrative divisions to notify it of projects valued above Rs 1,000 crore ($135.96 million) that are planned for the next five years.
DPIIT has still to announce the new local content requirement threshold for foreign firms entering into partnerships for state-run infrastructure projects. The threshold is currently 20-50%.
Firms in countries which do not allow Indian companies to participate in their government projects will not be allowed to tender bids for Indian government projects, the order said.
Source: ToI
You may also like
-
India’s Creator Economy Enters Its Formal Age as Influencer Marketing Heads Toward US$529 Million by 2027
-
GMR Aero Technic–Boeing Pact Puts Hyderabad on India’s Defence MRO Map
-
India’s $20 Billion Offshore Data Push Could Redefine Domestic Oil and Gas Exploration
-
India’s Steel Engine Defies Global Slowdown as Output Surges in FY26
-
India Launches IP Catalyst Platform to Turn Patents into Market-Ready Electronics and IT Products
