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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

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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