Class II local suppliers – Charm

India-UK FTA unfair to local businesses? Centre clarifies controversial clause in government procurement- The Week

Cs news3 months ago04 mins

India has rushed to allay concerns over the opening up of government procurement (GP) to British firms under the free trade agreement (FTA) signed in the presence of PM Modi and British premier Starmer in London on Thursday. Since the announcement of a deal in May and the formal signing this week, several quarters have…

New Delhi opens govt procurement to UK companies

Cs news3 months ago3 months ago02 mins

For the first time, India will open approximately 40,000 high-value contracts from central ministries and departments in sectors such as transport, green energy and infrastructure to UK bidders. UK-origin goods with just 20% domestic content will be treated as ‘Class II’ local suppliers under India’s Public Procurement Order (PPO), a classification previously reserved for Indian…