{"id":385264,"date":"2020-11-20T11:50:05","date_gmt":"2020-11-20T06:20:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385264"},"modified":"2020-11-20T11:50:05","modified_gmt":"2020-11-20T06:20:05","slug":"govt-makes-it-easier-to-win-oil-and-gas-projects-for-local-content-bidders","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-makes-it-easier-to-win-oil-and-gas-projects-for-local-content-bidders\/","title":{"rendered":"Govt makes it easier to win oil and gas projects for local-content bidders"},"content":{"rendered":"<p>At a time when the country\u2019s oil and gas sector is executing projects worth about Rs 5.88 lakh crore, the Union government has amended the purchase-preference-local-content (PPLC) policy for the sector. In order to boost domestic manufacturing, the new policy allows bidders using local products to win contracts even if they quote rates 20% higher than the lowest bid. The purchase preference margin was earlier kept at 10%.<\/p>\n<p>The policy will be applicable for all tenders issues by public sector oil and gas companies and their joint ventures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At a time when the country\u2019s oil and gas sector is executing projects worth about Rs 5.88 lakh crore, the Union government has amended the purchase-preference-local-content (PPLC) policy for the sector. In order to boost domestic manufacturing, the new policy allows bidders using local products to win contracts even if they quote rates 20% higher than the lowest bid. The purchase preference margin was earlier kept at 10%. The policy will be applicable for all tenders issues by public sector oil and gas companies and their joint ventures.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-385264","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=385264"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385264\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}