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4:26 am - Saturday November 18, 2017

Global Tender

The Modi Government has made drastic changes in its policy and procedure of floating global tenders. It are always on and for the purchase top heavy machines, foodgrains in time of shortage, coal etc. Now the Central made the changes that in global tenders now onwards preference would be given to Indian firms and industry.

The condition for it would be that required product should be to world standard in its workmanship, quality and in quantity. With they many Chinese companies went out of pipeline projects of the GAIL worth 3,000 crores of rupees. Sometime back we imported a very gigantic size electrical equipment from China for Indo-Oman oil refinery at Agasod-Bina near Bhopal.

It was delivered at Khandla seaport in Gujarat and in every heavy transportation cost brought to Agasod in a very slow road movement. The China was getting most of the Indians global tenders for being neighbors the transportation cost are much less than from imports from Europe, America or Australia. Under the principle of lowest tender the China was getting most of the global tenders for heavy equipments and hardware.

Our balance of payment with China is very adverse-we are importing more and exporting less to China. The China is assailing the India is new global tender policy as against the international World Trade Treaty (WTA). India has taken the decision that it would not allow any nation to part in Indian global tender who are not allowing India and others to take part in their global tender floating.

The Union Energy Minister Mr Piyush Goel and Steal Minister Mr Virendra Singh has said in the global tenders Indian firms will get preference in consideration but not in quality and quantity of supply of product. The globe tender is world business. The Foreign companies are coming to India under the open F.D.I. policy will be treated as Indian companies and it will encourage foreign investment.

Such ventures will be treated as Indian companies and will get preferences in global tenders. The international industrial companies like Air Bus Industry of France is coming to India to manufacture civilians airliness. The U.S. Gaint Boeing also coming India to manufacturing civilian plane in here. The new policy is great push to the policy to make in India.

Posted in: Editorial

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