Public Procurement: DPIIT Releases Registration Format for Bidders from Neighbouring Countries
4 years, 3 months ago

Public Procurement: DPIIT Releases Registration Format for Bidders from Neighbouring Countries

News 18  

The commerce and industry ministry has come out with a registration format for bidders from nations sharing a land border with India who want to participate in the country’s public procurement process. “Accordingly, the bidders, who have beneficial ownership in countries which share land border with India and intend to participate in public procurement in India, may submit application for registration in the format…,” the Department for Promotion of Industry and Internal Trade said in an office memorandum. “However, in case of appointment of new director/ new shareholders with more than 10 per cent shares/ change in controlling ownership interest or control through other means, the registration shall stand cancelled,” it added. As per the format, a bidder has to submit details of beneficial ownership; manufacturer/service provider/contractor; details of item for which registration is sought; financial details for the last five fiscal years duly certified by a practicing chartered account in India; and details of contracts received in the last five years in India.

India Public Procurement Dpiit Bidders Releases Registration Registration Format Releases Registration Format  bidders  details  ownership  releases  registration  format  countries  procurement  submit  neighbouring  land  dpiit  border  public  india

Discover Related