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Public procurement: Bidders from neighbours to require security clearance

Move will mostly affect Chinese companies who will have to register with the DPIIT

CARGO, TRADE, trasnport, flight, export, import
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According to the finance ministry, public procurement as a percentage of GDP in the country is estimated between 20 per cent to 22 per cent

Subhayan Chakraborty New Delhi
Companies bidding for public procurement from countries, which share a land border with India, will now need to separately register with the government and secure a security clearance before engaging in the bidding process.
 
On Tuesday, the Department for Promotion of Industry and Internal Trade (DPIIT) released a new format for the registration of entities based in neighboring countries. The move is set to affect mostly companies in China, which have hitherto had a major presence in both central and state level public procurement.
 
Now, bidders will have to submit an application for “Security Clearance” and “Registration” with the Office
Topics : DPIIT

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First Published: Aug 26 2020 | 12:12 AM IST

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