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NEW DELHI: Chinese producers that have invested in India to establish producing facilities by means of the foreign direct financial investment path will need a fresh security check to be qualified for government contracts, a move that will impact phone and computer-makers as well drug and other equipment producers.
This is a fallout of the modified standards released by the financing ministry late Thursday night, needing bidders from any country sharing a land border with India to sign up with a “qualified authority” to be qualified for government agreements. With an exception produced bidders from countries where India has actually extended a line of credit or is taken part in advancement projects, Nepal,