UK firms chase $38bn India contracts but challenges loom

 


UK firms bidding for Indian government contracts in specified areas will be treated on par with Indian suppliers


A standout feature of the India-UK free trade agreement signed last month was the Narendra Modi government's decision to open India's vast government procurement market to UK suppliers.

This typically includes a range of things the government buys - from goods and services to contracts for public works such as roads.

Some 40,000 high-value tenders worth £38bn from federal ministries will now be open to bidding for UK businesses in strategic sectors like transport, green energy and infrastructure - areas which have thus far been heavily protected from foreign competition.

The access is unprecedented, trade experts say.


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