Relaxed Norms of Public Procurement – Typically, whenever a tender is floated by a Government entity or by a PSU, very often the eligibility condition specifies either “prior experience” or “prior turnover”. Such a stipulation prohibits/ impedes Startups from participating in such tenders.
At present, effective April 1, 2015 Central Government, State Government and PSUs have to mandatorily procure at least 20% from the Micro Small and Medium Enterprise (MSME).
In order to promote Startups, Government shall exempt Startups (in the manufacturing sector) from the criteria of “prior experience/ turnover” without any relaxation in quality standards or technical parameters.
The Startups will also have to demonstrate requisite capability to execute the project as per the requirements and should have their own manufacturing facility in India.
Relaxed Norms of Public Procurement – Typically, whenever a tender is floated by a Government entity or by a PSU, very often the eligibility condition specifies either “prior experience” or “prior turnover”. Such a stipulation prohibits/ impedes Startups from participating in such tenders.
At present, effective April 1, 2015 Central Government, State Government and PSUs have to mandatorily procure at least 20% from the Micro Small and Medium Enterprise (MSME).
In order to promote Startups, Government shall exempt Startups (in the manufacturing sector) from the criteria of “prior experience/ turnover” without any relaxation in quality standards or technical parameters.
The Startups will also have to demonstrate requisite capability to execute the project as per the requirements and should have their own manufacturing facility in India.
For more info on Relaxed Norms of Public Procurement kindly log on toAapka Consultant
How Aapka Consultant can help you:-
- Get free expert consultancy from experts.
- We available every time to solving your legal queries.
- Get one stop solution for all legal compliances.
- Process application within 24 Hours.
- Trusted by Most Valuable Startups.
- We Understand Startup Budget & their needs.
- Get quality services at pocket price.
Apply Now to get Online
Services of CA CS & Lawyers.
No comments:
Post a Comment