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Public Procurement Order, 2017 amendment
September 21 , 2020
1449 days
842
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- The Government of India has recently amended the public procurement order 2017.
- This amendment has been made to curtail Chinese investment.
- The amendment now enables the departments and nodal Ministries to notify higher local content requirement for class 1 and class 2 local suppliers.
- Earlier the share of class 1 and class 2 local suppliers were fixed at 50 % and 20 % respectively.
- Class 1 local supplier means a supplier whose goods and services offered for procurement has local content greater than or equal to 50 %.
- Now with this amendment the ministry can notify local content requirement even greater than 50 %.
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