India: PSB-funded power projects may have to procure local equipment

30 May, 2018: The government is considering making it mandatory for all power projects funded by state-run banks to procure local equipment. A public procurement mechanism with purchase preference to domestic equipment manufacturers for future electricity generation, transmission and distribution projects is in the works, a senior government official said. The mechanism will apply to any procurement order funded by government lenders. In line with the Department of Industrial Policy and Promotion’s public procurement order 2017...