Public Procurement Policy and Its Impact on Foreign Investment in India

The Public Procurement (Preference to Make in India), Order 2017 was announced on June 15, 2017 vide an Order issued pursuant to Rule 153(iii) of the General Financial Rules, 2017. The Order is aimed at defining purchase preference (linked with local content) in Government procurements wherein the preference in Government procurement will be given to local suppliers.

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