After the cowardly movement of Chinese troops in the Galvan Valley, the government of India has been taking tough decisions against china. the Government has now amended the General Financial Rules 2017 to ensure the security of the country. The amendment bans Chinese companies from entering government bids. Now, Chinese companies will not be able to bid in any of the government bids of the central and state governments.
A special order has been issued by the government regarding public procurement keeping in view the security of the country. The amendments will affect countries bordering India-China, Nepal, Bhutan, Bangladesh and Pakistan. Bidders from these countries would not be able to bid for Indias’s central and state government purchases.
It will be applicable to financial institutions, central public sector enterprises, public sector banks autonomous bodies, and public-private partnership projects which receive financial assistance from the Government or its undertakings. But this rules exempts countries that India provides assistance for development and also exempted the ban in many cases like medical supplies.