The authorities will demand international corporations use extra domestically produced supplies when engaged on government-run tasks, a authorities order mentioned late on Friday.
Authorities have been aggressively selling Prime Minister Narendra Modi’s flagship marketing campaign of a self-reliant financial system by urging home producers to chop down on imports.
The commerce ministry’s Department for Promotion of Industry and Internal Trade (DPIIT) ordered all authorities administrative divisions to inform it of tasks valued above Rs 1,000 crore ($135.96 million) which can be deliberate for the subsequent 5 years.
DPIIT has nonetheless to announce the brand new native content material requirement threshold for international corporations getting into into partnerships for state-run infrastructure tasks. The threshold is presently 20-50 per cent.
Firms in nations which don’t permit Indian corporations to take part of their authorities tasks won’t be allowed to tender bids for Indian authorities tasks, the order mentioned.