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India forbid countries sharing borders from bidding for government contracts.


Author, OnlyTech
News Columnist
11 Nov 2019
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Companies from nations that share a land border with India are barred from bidding for government contracts for goods and services until they register with the industry department, according to an official statement.

Contractors won't be allowed to even sub-contract to the unregistered entities from nations sharing a land border with India
Tenders will be canceled if the first stage of evaluation is complete
New norms to apply to state-run banks and and financial institutions, state-run companies and public private partnership projects receiving financial support from the government
State governments will also have to abide by the new norms, they can appoint the competent authority; political and security clearance is mandatory

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