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Govt May Let Foreign Firms Bid For Contracts
Hindustan Times Patna
|May 24, 2025
India is opening up a chunk of its protected government procurement market to foreign firms, including the US, said two persons in the government, in a shift that could extend to other trading partners after it was offered to the UK under a trade deal this month.
NEW DELHI:
The government is likely to allow US firms to bid for contracts worth over $50 billion, mainly from federal entities, as it negotiates a trade deal with Washington, the persons said.
Total public procurement including by federal, state and local governments and state-run firms—is worth an estimated $700 billion-$750 billion per year, as per government estimates. Most is reserved for domestic firms, with 25% set aside for small businesses, though sectors like railways and defence can buy from foreign suppliers when domestic options are unavailable.
Cette histoire est tirée de l'édition May 24, 2025 de Hindustan Times Patna.
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