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Last Updated : Aug 19, 2019 04:10 PM IST | Source: Moneycontrol.com

Indian companies at a disadvantage in tenders, says Commerce ministry

The matter is now being investigated by the Central Vigilance Commission (CVC).

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The Ministry of Commerce and Industry has objected to the conditions imposed on Indian companies related to public procurement tenders, according to a report in The Times of India.

The matter is now being investigated by the Central Vigilance Commission (CVC).

TOI reported that the ministry has written a strongly-worded letter to the ministry of electronics and information technology (MeitY), emphasising that the move hampers employment generation and income.

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Some of these conditions, as per the commerce ministry, includes inappropriately high experience and turnover requirements.

A source told the daily that many central agencies are including these restrictive conditions on the tender document against the local suppliers. As there is a slowdown in investment and growth, there is increased pressure on many sectors including manufacturing.

MeitY is also in the process of meeting the electronics manufacturers to understand their concerns.

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First Published on Aug 19, 2019 02:18 pm
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