Public procurement norms may be tweaked to aid makers under PLI

  • Posted on November 18, 2024
  • By Business News Today
  • 3 Views
Public procurement norms may be tweaked to aid makers under PLI

The Indian government is considering changes to its public procurement rules to benefit manufacturers participating in production-linked incentive (PLI) schemes. One proposal being evaluated is granting deemed local supplier status to companies that contract manufacturing to PLI beneficiaries. This move aims to boost domestic production and provide greater market access to PLI participants in government procurement.
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