Govt plans to liberalise procurement rules for new, innovative products

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Govt plans to liberalise procurement rules for new, innovative products - Business Standard

Quick Summary:

Exports have exceeded Rs 4 trillion, with substantial contributions from key sectors such as electronics, pharmaceuticals, and food processing.

As far as the progress of the PLI scheme is concerned, investments in the 14 sectors are expected to touch an estimated Rs 2 trillion by next year from Rs 1.46 trillion now.

A Class-II local supplier's goods, services, or works have 20-50 per cent local content.