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New Delhi, August 25
The Centre has sought to tighten the screws on Chinese imports by releasing a registration format for bidders, which includes a provision for security clearance from nations sharing a land border with India for their participation in the government's procurement process. The registration format will be an annual affair and is subject to certain terms and conditions.
The bidders will be required to submit an application for security clearance. The registration will be valid for a year, but it will be cancelled in case of appointment of new directors. The format also seeks details of beneficial ownership, manufacturer, item, financial details for last five years and details of contracts received in last five years in India. — TNS
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