Domestic capital goods companies seek price preference policy from Centre

In the run-up to Prime Minister Narendra Modi’s call last month for the country to aim for self-reliance, the finance minister restricted foreign companies from participating in bids of Rs 200 crore or less. Domestic capital goods companies, however, are now asking for a price preference policy as well. “There is a general clamour for such a preference as is prevalent in many other countries,” said Vimal Kejriwal, managing director (MD) and chief executive officer (CEO) of KEC International. Other capital goods companies see a valid reason for such a demand. “Thro.....

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