New Delhi, November 6 (Language) Commerce Secretary Sunil Barthwal on Monday said that India is considering ways like free trade agreements to enable micro, small and medium enterprises (MSMEs) to participate in government procurement of various countries. Is.
He said that 10-15 percent of the Gross Domestic Product (GDP) of any country is public procurement, which in terms of value can be around 10-15 thousand billion dollars.
Many countries give priority to MSMEs in their public procurement.
“There are actually many ways in which any country can promote MSMEs,” Barthwal said at an event here. We give them special purchasing preference in India also.
He said, “As more and more FTAs (free trade agreements) are being signed…we are also looking at…how MSMEs…can get access to public procurement of different countries, so that Indian companies get opportunities.” Could. …MSMEs from other countries can access our portal.”
Under the India-UAE Free Trade Agreement, government procurement contracts worth more than Rs 200 crore are open to UAE-based companies on the same terms as Indian companies.
Negotiations are also underway on the government procurement chapter in the proposed India-UK trade agreement.
The Secretary also said that integration of MSMEs into global supply chains will be important for global trade.
He further said, “70 percent of global trade happens through these chains…so there is a lot of opportunity.”
Language Rajesh Rajesh Ajay
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