Tenders worth Rs 40k cr cancelled or modified due to discriminatory, restrictive conditions

Economy


NEW DELHI:
Tenders
worth
Rs 40,000 crore was
cancelled or modified
due
to
discriminatory and
restrictive
conditions with an aim
to promote ‘Make in India‘ in government procurement, according
to the commerce and industry ministry.

Releasing its achievements for 2020 on Friday, the ministry also said that unique products with export potential have been identified for 500 districts.

Technical Regulations (TRs) on focus products with import value of about USD 47 billion was formulated
to ensure low quality and harmful products do not enter the market, it said adding customs duty was increased on 173 items and imports of 44 items are either prohibited or restricted.

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Tenders
worth
Rs 40,000 crore
cancelled/modified
due
to
discriminatory and
restrictive
conditions,” it added.

For startups, it said 80 per cent rebate granted
to 4,905 patent applications and 50 per cent rebate was granted
to 12,264 trademark applications on filing fee.



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