India allows higher local content requirement for public procurement
The move comes at a time when India has been signaling decoupling of trade and investment relationship with China after a border clash
All administrative Ministries whose procurement exceeds Rs. 1000 Crore per annum have been asked to notify their procurement projections for the next 5 years
The central government on Friday expanded the scope for local content requirement in public procurement tenders, in a move that aims to promote self-reliance.