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03/05/2017 04:42pm

Domestic Manufacturing to be the first choice in Public Procurement

image Domestic Manufacturing to be the first choice in Public Procurement

New Delhi, May 3 (KNN) The Department of Industrial Policy and Promotion has forwarded a proposal to the Central Government to consider giving preference to the domestically manufactured products in cases of public procurement said Ramesh Abhishek, DIPP Secretary.

The proposal is seen as a significant step to boost the Governments flagship project “Make in India”. It is also expected that a decision along the line will help encourage and strengthen the domestic manufacturers.

Abhishek was speaking at the event organized by the Confederation of Indian Industry (CII)

He further informed that the government is keen on formulating schemes and policies that could help  simplify the procedures and processes involved in setting up business in the country, thus making ‘Ease of Doing Business’ a reality. This involves various steps including liberalising FDI norms, dismantling the Foreign Investment Promotion Board. The proposal also mentions brining reforms in the process of public procurement.

Also Pradeep K. Sinha, Cabinet Secretary spoke to press regarding the reforms being undertaken to have a conduce ecosystem for attracting trade and business. This will be made possible by facilitating One-Window clearance option for business to complete the formalities required to operate the businesses.

Last month KNN carried a story stating the different problems MSMEs face in obtaining a spot in the public procurement bids. (KNN/ DA)


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