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Changes in procurement norms: Imported items sourced locally excluded from local content calculation

Changes in procurement norms: Imported items sourced locally excluded from local content calculation

The government has updated public procurement norms to prioritize companies using higher levels of local content in their products. Imported items sourced locally, royalties, and technical charges paid outside India will be excluded from the local content calculation. These changes aim to support the 'Make in India' initiative.

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