PROCURING

GPUs are currently a precious resource for the AI industry and are manufactured only by a handful of American companies like Nvidia, Intel, and AMD. Sources said Indian data firms can procure GPU units and then provide them to local firms, startups,...

The recent finance ministry notification in India has raised concerns by discouraging automatic arbitration clauses in procurement contracts. The move aims to address the unsatisfactory experience of the Government of India (GoI) in arbitration and ...

The government's robust procurement efforts, exceeding targets in wheat and paddy, have significantly bolstered food security. FCI's strong storage infrastructure ensures the maintenance of adequate food supplies, benefitting millions of farmers acr...

Karnataka achieves record daily milk procurement of 10 million litres, prompting increased subsidy burden. Chief Minister Siddaramaiah highlights growth in dairy sector under Nandini brand, despite opposition claims of milk price hikes.

Pavan Choudary, chairman, Medical Technology Association of India (MTAI), termed the move a path-breaking effort by the government towards equitable policy making, spanning the crucial last mile which was uncovered so far.

Dassault Aviation is advancing plans to establish a Maintenance, Repair, and Overhaul (MRO) facility near Jewar International Airport for India’s Mirage 2000 and Rafale fighters. This move supports India's aspiration to locally manufacture the lates...

The Indian Railways has revised its ₹31,418 crore wagon procurement plan after supplier Modern Industries failed to fulfill a contract. The plan, which aimed to supplement the 300,000 existing wagons on the network, was placed with seven suppliers i...

Onion growers are demanding the suspension of Nafed's onion procurement operations due to reported irregularities found by a Nafed team during surprise visits to procurement centers. This demand could hinder the government's goal of creating a strat...

The Indian government has procured nearly 71,000 tonnes of onion this year for buffer stock, out of a total target of 5 lakh tonnes for price stabilisation. The all-India average onion retail price is Rs 38.67 per kg, while the modal price is Rs 40 ...

The Centre commits to procuring tur, urad, and masur at Minimum Support Prices (MSP) to boost domestic production and reduce imports. Agriculture Minister Shivraj Singh Chouhan highlights the launch of the e-Samridhi portal through cooperatives NAFE...

Union Minister of Agriculture & Farmers’ Welfare, Shivraj Singh Chouhan, emphasized the government's commitment to procure major pulses like tur, urad, and masur at Minimum Support Prices (MSP). He urged state governments to promote farmer registrat...

As per the monthly update, released the ministry of road transport and highways (MoRTH) on Wednesday, the capital expenditure incurred during the period stood at Rs 57,925 crore till May 2024, which is 42.5% of the capital outlay under the vote on a...

ISRO chairman S Somanath stresses the need to create internal demand for rockets, referencing PSLVs, SpaceX, and Blue Origin's strategies.

The Indian Biogas Association (IBA) is advocating for a fixed procurement price of Rs 90 per kg for biogas by oil and gas marketing companies, aiming to boost the sector and emphasize its environmental benefits. Currently, the procurement price of c...

In what could ease access to some patented medicines, the government has allowed global tenders to be floated for procurement of 120 drugs, including anti-diabetic medication Semaglutide, after the health ministry raised concerns over lack of domest...

The Indian army has integrated the Nagastra 1 loitering munition, designed by Economic Explosives Limited (EEL), as its first indigenous man-portable suicide drones. These drones enhance the army's precision strike capabilities against enemy trainin...

Regulatory changes have not succeeded in reducing frauds, with 79% respondents identifying no reduction, the survey said. Key areas prone to frauds include procurement (50%), sales and distribution (30%), e-commerce (11%), manpower (6%) and inventor...

Differences have erupted between DPIIT and IT ministry over listing electronic consumables (printer cartridges, toners, cables) in public procurement preference list.

The jets will be manufactured to India-specific standards and will have several indigenous systems as well, including weapons and communication. The acquisition is being seen as a stop-gap solution till the development of an indigenous carrier-borne...