By
Sarita Singh ET BUREAU JUNE 6 2017
NEW DELHI: The government’s ‘India first’ policy for official procurement has ejected Chinese companies from pipeline projects worth Rs 3,000 crore being built by state-run Gail IndiaBSE 1.41 % Ltd, giving a big boost to domestic steel firms and carrying forward Prime Minister Narendra Modi's ‘Make in India’ mission.
Indian steel firms are poised to win orders worth tens of billions of dollars without losing business to Chinese supplies which they find suspiciously cheap.
A spokesperson for GailBSE 1.41 % India said the guidelines for domestic preference are being imposed on all tenders that have not been opened so far. All future tenders will impose this condition.
Government sources said that preference for Indian firms is likely to be extended beyond the steel and power sectors. The government is already studying more ways to give preference to Indian firms without violating international commitments, sources said.
No comments:
Post a Comment