Procurement norms tightened to curb imports

The government on Friday further tightened public procurement norms to allow ministries to mandate over 50% local content, while also insisting that overseas companies set up an Indian venture to execute a contract instead of supplying goods through imports.

from Times of India https://timesofindia.indiatimes.com/business/india-business/procurement-norms-tightened-to-curb-imports/articleshow/78197645.cms