Govt relaxes rules for some state firms to procure key equipment from China
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India has authorized state firms, including Bharat Heavy Electricals and Steel Authority of India, to procure critical equipment from China after easing restrictions imposed post-2020 border clashes. This move allows limited imports to address shortages and project delays. The government order permits Bharat Heavy Electricals to source 21 types of equipment and exempts Chinese bidders from certain registration requirements. This decision reflects a broader effort to reset economic ties with China amid changing global trade dynamics and aims to stabilize supply chains and attract investments.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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