The Centre on Thursday imposed restrictions on public procurement from bidders belonging to countries sharing a border with India, over def...
The Centre on Thursday imposed restrictions on public procurement from bidders belonging to countries sharing a border with India, over defence and national security concerns, PTI reported. The government’s decision came amid heightened tensions between India and China after the face-off between their respective troops in Ladakh last month.
According to the amended General Financial Rules, 2017, traders from such countries will be eligible to bid for any procurement in India only if they are registered with the Competent Authority. “The Competent Authority for registration will be the Registration Committee constituted by the Department for Promotion of Industry and Internal Trade,” the Centre said in an order. “Political and security clearance from the Ministries of External and Home Affairs respectively will be mandatory.”
The amended rules will apply to the procurement of both goods and services. The Centre has allowed exceptions in the procurement of medical supplies till December 31 because of the coronavirus crisis.
The new rules will cover public sector banks, autonomous bodies, Central Public Sector Enterprises and public-private partnership projects receiving financial support from the government or its undertakings, the government said.
The Centre’s decision to amend the financial rules came a day after reports emerged that China has not withdrawn its troops from...
