Introduction
The increasing volume of public procurement opportunities in
India, coupled with the scale and magnitude of government projects,
holds tremendous economic potential for both local and overseas
companies. The recent uptick in procurement opportunities in India
can be attributed to a variety of measures and initiatives.
For one, foreign investors are today being granted greater
access to the breadth of India's market than ever before. The
Parliament has recently approved a proposal to further liberalise
investment and increase foreign direct investment inflow into
India, easing investment caps and opening up previously restricted
sectors to overseas investors.
The government's push towards modernising existing
infrastructure and equipment has also resulted in a number of
procurement opportunities, as have new initiatives such as
"Digital India" and "Make in India" which are
geared towards improved physical and social infrastructure,
connectivity and