Make in India in public procurement: Companies bag Rs 50-bn govt contracts

One of the beneficiaries is Jindal Steel and Power, which had earlier been kept out of procurement for rails

The government intervention in promoting ‘Make in India’ in public procurement has resulted in Indian companies garnering over Rs 50 billion in projects. The changed procurement conditions have helped companies receive business from the Railways, GAIL India, and Oil and Natural Gas Corporation.

One of the beneficiaries is Jindal Steel and Power Ltd (JSPL). It had earlier been kept out of procurement for rails, but is likely to receive 20 per cent of the tendered volume under the new policy. The size of the tender is estimated to be around Rs 30 billion, of which JSPL may receive orders worth Rs