New Delhi: To promote its flagship Make In India programme, the Narendra Modi government has cleared its own version of the US’s Buy American policy through a national government procurement policy, giving preference to locally made goods and services.
Titled “Government procurement preference to Make In India order, 2017”, the new policy, cleared by the Union cabinet on Wednesday, is expected to give a substantial boost to local manufacturing and services sectors, thereby creating jobs. “It will also stimulate the flow of capital and technology into domestic manufacturing and services… (and) provide a further thrust towards manufacture of parts, components, sub-components etc. of these items, in line with the vision of ‘Make in India’,” a cabinet statement said.
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