ENA Sectors 2025-04-03 17:59:07 <p><span style="font-size:14px"><strong>New Delhi, Apr 3 (KNN) </strong>The government on Wednesday issued a revised version of its Domestically Manufactured Iron &amp; Steel Products Policy 2025, implementing stronger measures to prioritise locally produced iron and steel in government contracts.</span></p> <p><span style="font-size:14px">The policy revision aims to protect domestic market stability and provide increased support to primary steel mills across the country.</span></p> <p><span style="font-size:14px">Under the updated guidelines, all ministries and public sector undertakings are required to give preference to flat-rolled steel, bars, rods, and railway materials that meet the 'Melt &amp; Pour' condition within India.</span></p> <p><span style="font-size:14px">This requirement ensures that the core production processes take place domestically.</span></p> <p><span style="font-size:14px">To further shield local manufacturers from international competition, the revised policy prohibits global tenders for contracts valued up to Rs 200 crore.</span></p> <p><span style="font-size:14px">This measure is specifically designed to reserve government contracts for domestic suppliers and limit foreign competition in the sector.</span></p> <p><span style="font-size:14px">The policy also introduces a reciprocal clause affecting international trade relations.</span></p> <p><span style="font-size:14px">According to this provision, suppliers from countries that restrict Indian firms from participating in their government tenders will be barred from bidding on Indian government contracts.</span></p> <p><span style="font-size:14px">This reciprocity measure was formally announced in an E-Gazette notification accompanying the policy update.</span></p> <p><span style="font-size:14px">These policy changes come amid concerns about rising steel imports and reflect the government's strategic approach to strengthening the domestic iron and steel manufacturing ecosystem.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41629 https://knnindia.co.in/news/newsdetails/sectors/steel-policy-2025-mandates-procurement-of-locally-produced-steel 2025-04-03 17:59:07 knnindia.co.in