The Government is working on a policy to incentivise domestic manufacturing by giving preferential market access in public procurement to local manufacturers, a top official said on Saturday. DIPP Ramesh Abhishek also said that the country can look forward to ‘a lot of FDI reforms’ in this year.
To promote domestic manufacturing, Abhishek said the Government would like to prescribe domestic value addition as a requirement for public procurement, as is being done for electronics items and by some other ministries. The proposed policy, Abhishek said, is being worked on as the industry has pointed out that ‘many of the public procurements are being done with conditions which are discriminatory towards or against domestic manufacturing’.
