The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a policy for providing preference to local suppliers in government procurement.
The new policy is expected to encourage 'Make in India' and promote manufacturing and production of goods and services in India with a view to enhancing income and employment, said a cabinet communique.
"Under the policy, preference in government procurement will be given to local suppliers. Local suppliers are those whose goods or services meet prescribed minimum thresholds for local content," it said.
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