PMO giving final touches to big ‘Buy Indian’ policy

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(ET)

Buy Indian and Make in India – the government will bring out a full-fledged ‘price preference’ policy favouring Indian-owned companies. The policy, likely to be finalised by end of May, is being driven by the PMO and is aimed at boosting Indian enterprises across sectors.

Preferential pricing is expected to allow additional time to Indian-owned bidding companies so that they can match the lowest bid in case the latter was made by an entity that’s partly Indian-owned or mostly foreign-owned. Top government officials, who spoke off record, told ET that the new price preference policy will help Indian enterprises that apply for any government purchase/tender.

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