IEEMA welcomes govt policy on bidding regulations for border sharing countries
By EPR Magazine Editorial July 29, 2020 2:15 pm IST
By EPR Magazine Editorial July 29, 2020 2:15 pm IST
The government has amended the General Financial Rules 2017 to impose restrictions on bidders from countries sharing a land border with India. The curbs have been imposed on procurement of public projects on the grounds of matters directly or indirectly related to “national security”. IEEMA welcomes this move of Government of India and assures of full support on behalf of its members to meet the requirements of the country.
India shares a land border with seven countries, including China, Pakistan, Bhutan, Myanmar, Afghanistan, Nepal and Bangladesh. As per the order, issued by the Department of Expenditure, any bidder from such countries sharing a land border with India will be eligible to bid in any procurement whether of goods, services (including consultancy services and non-consultancy services) or works (including turnkey projects) only if they are registered with the Competent Authority, which will be the Registration Committee constituted by the Department for Promotion of Industry and Internal Trade (DPIIT). Political and security clearance from the Ministries of External and Home Affairs respectively will be mandatory.
With Prime Minister Narendra Modi’s ‘Atma Nirbhar Bharat’ call, the government is also cutting dependence on China to encourage manufacturing in the country. Welcoming this move of the government, RK Chugh, President, IEEMA says, “Indian electrical equipment industry has the capacity, ability and cost competitiveness to effectively service and meet the need of not only Indian industry but also enhance its exports. And if we as a nation are to be serious about taking on China in our own home market, then all of us — manufacturers, importers, retailers, consumers and the government — need to commit to this. And more importantly, be prepared for both the consequences and costs of such a move at least in short run. From medium term onwards, we will start seeing enormous benefits out of full Make in India efforts.”We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.
-20240706113929.png)
-20240706114639.png)
