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ARTICLE · 08 MAY 2020

Procurement Rules And Trends In India

The recent uptick in procurement opportunities in India can be attributed to a variety of measures and initiatives.

IndiaGovernment, Public Sector

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

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