Latest news with #PublicProcurement
&w=3840&q=100)
Business Standard
12-05-2025
- Business
- Business Standard
DPIIT proposes hiring agency to vet govt tenders for norms compliance
A penalty up to 10 per cent of the contract value can be imposed in case the contractor/ supplier does not meet the stipulated local content requirement Press Trust of India New Delhi The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed to appoint a consulting agency to scrutinise tenders of central government procuring entities for compliance with public procurement norms. The department has floated a request-for-proposal (RFP) in this regard. The Government of India has issued Public Procurement (Preference to Make in India) Order, 2017. It has been issued to promote locally manufactured items in public procurement thereby increasing domestic production of goods and services. The policy aims at incentivizing procurement linked through local content requirements, thereby encouraging domestic manufacturer's participation in public procurement activities over entities merely importing to trade or assemble items. A penalty up to 10 per cent of the contract value can be imposed in case the contractor/ supplier does not meet the stipulated local content requirement. As per the order restrictive and discriminatory clauses against domestic suppliers cannot be included in procurement by Central Government agencies. "DPIIT intends to onboard an agency, for a period of one scrutinising tenders of Central Government procuring agencies for its compliance with ...(this) order," it said. Earlier, the department had identified 259 tenders as non-compliant with the public procurement norms in 2024. The decision to appoint an agency comes in the backdrop of DPIIT's observation that procuring entities are not stipulating the applicability of the Order in tenders, which is the most significant factor contributing to non-compliance. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
12-05-2025
- Business
- Time of India
Govt to scrutinize 1,000 procurement tenders, assess impact on procurement fall from land border sharing nations
New Delhi: The government will scrutinize 1,000 high value tenders of 25 procuring entities of the Centre including CPSUs to assess the impact of its Public Procurement (Preference to Make in India ) Order 2017, the Department for Promotion of Industry and Internal Trade ( DPIIT ) said. #Operation Sindoor The damage done at Pak bases as India strikes to avenge Pahalgam Why Pakistan pleaded to end hostilities Kashmir's Pahalgam sparks Karachi's nightmare The assessment will cover decrease in procurement from countries sharing land border with India and the quantum of procurement exclusively from Class-I Local suppliers . In public procurement tenders, departments and ministries are allowed to mandate higher than minimum 50% and 20% local content for two separate categories of local suppliers categorised as Class I and Class II. 'DPIIT intends to on-board a consulting agency…The agency shall scrutinize complete tender documents including tender eligibility requirement, technical specifications and other terms and conditions,' it said. Before expiry of each year of the contract period, the agency shall carry out a detailed impact assessment study to assess the impact of PPP-MII Order on public procurement ecosystem, it said. This would include details such as the quantum of procurement exclusively from Class-I Local suppliers by granting them purchase preference and increase in procurement from Class - I and Class - II local suppliers. In July 2020, the government amended the General Financial Rules 2017 to restrict bidders from countries which share a land border with India from bidding in any government procurement contracts on grounds of national security . Such bidders have to register with a Registration Committee constituted by the DPIIT and require political and security clearance from the ministries of external and home affairs, respectively. Live Events In 2024, India tightened the public procurement norms by excluding imported inputs while calculating the local content in its purchase orders. Imported items sourced locally from resellers, distributors, royalties, technical charges paid out of India, and supply of repackaged or refurbished goods are excluded from the calculation of local content. The government also modified the definition of 'local content' through the revision. License fees, royalties, or technical charges paid outside India are excluded while calculating local content. Economic Times WhatsApp channel )
Time of India
07-05-2025
- Business
- Time of India
Local procurement mandated for industrial boilers in govt tenders
India is set to restrict foreign participation in government contracts for industrial boilers, prioritizing local firms for supply and services. This move aligns with the 'Make in India' initiative, aiming to boost domestic manufacturing and reduce reliance on imports. With significant investments planned in thermal power generation, the domestic boiler market is poised for substantial growth across various sectors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: India has decided to curb foreign participation in government contracts for industrial boilers , or steam generators , allowing only local firms to supply mandate for local purchase will cover certain variants of seamless steel pipes and tubes, carbon steel pipes, steel plates, refractory, insulation, and soot blower among services, all survey, and site studies, Engineering, Procurement and Construction (EPC) contracts, fabrication, and civil construction will need to be sourced from domestic vendors "It has been assessed that sufficient local capacity and competition for these categories is present in the country," a senior official told ET, adding that appeals for case-to-case exemption can be made to a grievance other services contracts pertaining to Industrial Boilers (steam generators) will also need to be locally directive is in line with Public Procurement (Preference to Make in India ) Order 2017. The development gains significance as India works towards installing 80 Gigawatt (GW) of additional thermal power generation capacity where industrial boilers will play a key power generation, these boilers are widely used across manufacturing industries including textiles, chemicals, and food. Boilers also find application in oil and gas, steel, and cement domestic boiler market is expected to grow from ₹5,859 crore ($ 704.6 million) in FY19 to ₹8,831 crore ($ 1.1 billion) in FY30 according to the India Brand Equity Foundation (IBEF).While demand for boilers across sectors is expected to rise, the biggest boost is expected from power generation where the Central Electricity Authority (CEA) projects investment of ₹6.67 lakh crore by 2031-32. India is also considering going beyond the already charted out 80 GW capacity addition to ensure grid stability.
