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Maire Tecnimont bags $170 million EPCC contract from IOCL
The contract with IOCL is for the implementation of a new polypropylene plant and related facilities in Barauni, Bihar. Tecnimont S.p.A. and its Indian entity, Tecnimont Pvt Ltd will execute the contract.Read more
Tecnimont and Siemens sign MoU for digital predictive maintenance services
The tools will improve plant operability and reduce maintenance costs. The two companies will work together on feasibility studies and identify clients to promote the application of the technology.Read more
New DRDO Procurement Manual 2020 encourages participation of MSMEs, start-ups
The new DRDO Procurement Manual will facilitate the indigenous defence industry by simplifying the processes and ensure their participation in design and development activities.Read more
IPF Buyer-Seller Summit: Fulfilling Make in India goals
The virtual Summit - which saw participations from Defence Investor Sell (MoD), SAIL, Hindustan Aeronautics Ltd, Godrej & Boyce and Vedanta Aluminium - enlightened vendors about procurement strategies of big buyers and help MSMEs be part of their supply-chain.Read more
GeM has potential to reach Rs 5-7 trillion in GMV: Talleen Kumar
In this interview with Rakesh Rao, Talleen Kumar, IAS, CEO of Government e-Marketplace (GeM), which has annual sales of over Rs 630 billion in gross merchandise value (GMV), explains how GeM is making public procurement more transparent & efficient leading to creation of a vibrant buyer-seller ecosystemRead more
Contractor of smart metering project in J&K drops Chinese supplier on REC arm’s directives
This follows an order, issued by Ministry of Power on July 2, 2020, mandating prior permission of GoI for any import of equipment/ components/parts from “prior reference†countries along with testing of the same in certified and designated laboratories.Read more
India imposes restrictions on bidders from neighbouring countries for public procurement
IEEMA welcomes this government policy on bidding regulations for national security reasons. Bidders from these countries will be eligible only if they are registered with DPIIT. Government has provided relaxation for procurement of COVID medical supplies till December 31.Read more
Siemens acquires C&S Electric for Rs 2100 cr to meet increasing electrification
In order to meet the increasing demand for electrification across industry, infrastructure and buildings in India, Siemens Ltd. has signed an agreement to acquire New Delhi-based C&S Electric Limited.Read more
Leverage logistics to rack up profits
Samir Lambay offers insight into how organised logistics can help increase profits for modern businesses.Read more
DIPP seeks industry inputs to increase local content in govt procurement
FICCI to submit the list of products that industry supplies to Government/PSUs along with the major raw materials/inputs/components/sub-assemblies of each of these supplied products Read more