May ease public procurement rules for ‘innovative’ product manufacturers, says Piyush Goyal

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Union Minister of Commerce and Industry Piyush Goyal. (File)

In bid to boost the manufacturing ecosystem, the authorities is exploring ways to easiness nationalist procurement criteria for accumulation of caller and innovative products that are typically not produced domestically, Commerce and Industry Minister Piyush Goyal said connected Sunday.

“In authorities procurement, determination whitethorn beryllium a fewer amendments required sectorally. There are definite sectors wherever the ecosystem takes clip to develop. Initially, the worth added is less, but gradually it increases. We are examining whether we tin make a roadmap for these sectors truthful they tin modulation to go Class 1 oregon Class 2 suppliers,” Goyal said aft gathering with accumulation linked inducement (PLI) beneficiary companies.

The Department for Promotion of Industry and Internal Trade (DPIIT) defines a Class 1 supplier arsenic an entity whose section contented is astatine slightest 50 percent. A Class 2 supplier is 1 with implicit 20 per cent but little than 50 percent section content.

Goyal said that determination is typically a request for anterior experience, but the authorities is looking astatine ways to marque manufacturers of caller and innovative products eligible for proviso done laboratory investigating oregon different methods.

“We person asked sectors to supply elaborate feedback truthful that we tin consult method experts and spot if it tin beryllium made imaginable to proviso without anterior experience,” the curate said.

Meanwhile, the Ministry of Commerce and Industry stated that existent concern of Rs 1.46 lakh crore had been realised by August 2024 nether the PLI scheme, with expectations that this volition transcend Rs 2 lakh crore wrong the adjacent year.

“This has resulted successful accumulation oregon income worthy Rs 12.5 lakh crore and the instauration of astir 9.5 lakh jobs (direct and indirect), which is expected to scope 12 lakh soon. Exports person exceeded Rs 4 lakh crore, with important contributions from cardinal sectors specified arsenic electronics, pharmaceuticals, and nutrient processing,” the ministry said.

The ministry further noted that successful the electronics sector, mobile telephone manufacturing present accounts for fractional of India’s full output, with a threefold summation successful exports since FY21, and emerging sectors similar drones person seen a sevenfold summation successful turnover, driven by MSMEs and startups.

“The aesculapian devices manufacture has witnessed exertion transfers for captious instrumentality similar CT scanners, fostering section production. Similarly, the nutrient processing assemblage has contributed to sustainable cultivation practices and the accumulation of millet and integrated products,” the ministry said.

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