‘India First’ policy shuts China bidders out of Gail pipeline projects worth Rs 3,000 crore

‘India First’ policy shuts China bidders out of Gail pipeline projects worth Rs 3,000 crore

The government’s ‘India first’ policy for official procurement has ejected Chinese companies from pipeline projects worth Rs 3,000 crore being built by state-run Gail India Ltd, giving a big boost to domestic steel firms and carrying forward Prime Minister Narendra Modi’s ‘Make in India’ mission.

Indian steel firms are poised to win orders worth tens of billions of dollars without losing business to Chinese supplies which they find suspiciously cheap.

A spokesperson for Gail India said the guidelines for domestic preference are being imposed on all tenders that have not been opened so far. All future tenders will impose this condition. Read More…

 

 

Credit By: The Economic Times

Leave a Reply

Your email address will not be published.