Friday, Dec 13 2019 | Time 07:39 Hrs(IST)
image
  • Trump may use documents exposing US lies about Afghan war to justify exit - Ex-Official
  • Kerala CM to inaugurate closing ceremony of IFFK
  • No Russian club qualified for spring part of UEFA competitions for 1st time in 18 years
  • Czech Republic signs agreement with US on purchasing 12 helicopters - Pentagon
  • US to work with allies on possible deployments of intermediate-range missiles - Esper
  • US hails Kazakhstan’s efforts to repatriate IS fighters as example to World
  • EU summit decides to prolong economic sanctions against Russia - Source
  • US Stocks close up after record highs on reports Trump will sign China trade deal
  • Trump administration lifts 5-year moratorium on fracking public land in California
  • Haftar’s LNA advancing to Tripoli after announcement of final peration – Reports
  • White House should join US Congress in recognizing Armenian Genocide - National Committee
  • Saudi Ambassador visits site of Pensacola shooting - Embassy
  • PTR International Tennis Symposium 2020 from Feb 10
  • Diamond sell-off in MP
  • Prez gives assent to Citizenship Amendment Bill
Business Economy


Industries dept notifies Public Procurement (Preference To Make in Punjab) Order 2019

Chandigarh, Nov 27 (UNI) Giving further fillip to the manufacturing sector by incentivising local value addition, Punjab government notified the Public Procurement (Preference to Make in Punjab) Order 2019 as this move would ensure a purchase preference to the sector in public procurement done by the state government department and its agencies besides enhancing income and employment generation.
Stating this here on Wednesday, the spokesperson of the Industries and Commerce department said that Punjab Governor had accorded his approval to the Order and subsequently, a notification had already been issued in this regard.
For the purpose of the Order, Local content would mean the amount of value added in Punjab which shall be the total value of the item procured minus value addition to the item outside the state of Punjab (excluding taxes), as a proportion of the total value.
A supplier, whose product offered for procurement meets the minimum local content as prescribed under this order or by competent departments in pursuance of this order, shall be considered Local Supplier.
Reiterating the state government's commitment to promote and sustain industrial development, Additional Chief Secretary Vini Mahajan expressed confidence that various pro-industry measures initiated by the department would further intensify the ongoing process of comprehensive industrialization with its benefits accruing to all sections of society.
The spokesperson said that purchase preference shall be given to the local suppliers in all procurement undertaken by procuring entities controlled by the state government.
The local manufacturer/supplier at the time of tender, bidding or solicitation would be required to provide self-certification that the item offered meets the minimum local content besides giving details of the location(s) at which the local value addition is made.
Any supplier debarred by any procuring entity for violation of this Order shall not be eligible for preference under this order for procurement by any other procuring entity for the duration of the debarment, the spokesperson added.
A committee constituted under the Controller of Stores has been authorized to look into all issues of debarment.
Nominees of the Finance department, Excise and Taxation Commissioner, Controller Printing & Stationery, besides Additional Controller, Controller of Stores (Member Secretary) and nominee of Director Governance Reforms are other members of the Committee.
UNI DB RJ 1825
More News

E-Invoice to be launched from January next year : GSTN CEO Prakash Kumar

12 Dec 2019 | 10:59 PM

Hyderabad, Dec 12 (UNI) Goods and Services Tax Network (GSTN) CEO, Prakash Kumar on Thursday informed that the e-invoice which is user friendly, would be launched from January next year.

see more..

Drug Manufacturers Eye Analytical Instrumentation to Reduce Operating Costs

12 Dec 2019 | 10:14 PM

Emerging regions such as Asia-Pacific and Latin America to grow rapidly by 2025, finds Frost & Sullivan
SANTA CLARA, California, Dec.

see more..

Vipin Sondhi appointed as MD & CEO of Ashok Leyland

12 Dec 2019 | 10:13 PM

Hyderabad,Dec 12 (UNI) Ashok Leyland, India’s leading commercial vehicles manufacturer on Thursday announced that Vipin Sondhi has been appointed as MD and CEO of the company with immediate effect.

see more..

Kobelco Construction Equipment inaugurates additional production unit in Sri City

12 Dec 2019 | 10:09 PM

Sri City (Chittoor district, Andhra Pradesh), Dec 12 (UNI) Kobelco Construction Equipment India (KCEI) Private Limited, the Indian arm of the Japanese Kobelco Group, has inaugurated its additional production unit here on Thursday.

see more..

Small-satellite Launch Service Revenues to Top $28 Billion by 2030

12 Dec 2019 | 10:05 PM

Optimization of the launch frequency, inventory and manufacturing capability will be critical to success, finds Frost & Sullivan
SANTA CLARA, Calif.

see more..
image