MoPNG notifies the amended policy to provide purchase preference linked with local content in all public sector undertakings

Oct 15, 2019 | by Avantis RegTech Legal Research Team


The Ministry of Petroleum and Natural Gas (MoPNG) on October 7, 2019 has issued a notification of the amended policy to provide purchase preference linked with local content (PP-LC) in all public sector undertakings which will remain in force for further period of one year with effect from October 01, 2019.

Several provisions of the policy have been amended as per the recommendations of the Steering committee constituted under PP-LC under MoPNG. It shall apply to all Public sector undertakings and their wholly owned subsidiaries under MoPNG, joint ventures having 51% or more equity and attached subordinate offices of MoPNG but shall not include goods or services falling under Micro small and medium enterprises or domestically manufactured electronic products. 

It shall be intended to support and boost the growth in local content in goods and services, growth of domestic manufacturing sector to support oil and natural gas business activities and growth of innovation of domestic manufacturing sector. Further, it shall contribute added value to economy and shall adhere to sound procurement practices and execution of orders for supply of goods and services. 

 


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