Current Affairs - Miscellaneous - Discussion

To encourage the Make In India initiative and to increase the income and employment generation the Department of Promotion of Industry and Internal Trade(DPIIT) revised the public procurement order,2017 on 29th May 2019. The Department of Chemicals & Petrochemicals identified around 55 types of chemicals, petrochemicals, pesticides and Dyestuff and assessed the domestic manufacturing capacity and local competition. For the 27 out of the 55 identified products, The local suppliers are eligible to bid for the estimated procurement value between Rs.5 lakh to Rs. 50 Lakh. For the remaining 28 products irrespective of the bid amount the procuring entities shall make procurement only from the local suppliers.