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Modification of existing guidelines for the Policy on bilateral Official Development Assistance for Development Corporation with bilateral partners

Dated:- 19-11-2015 - The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for modification of existing guidelines of the Policy on bilateral Official Development Assistance for Development Corporation with bilateral partners. The details of the proposed modification in the guidelines are as follows:- i. Finance Minister and External Affairs Minister, with the approval of Prime Minister, may be authorised to accept bilateral assistance from any other country, .....

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(including goods, services and consultancy) the anticipation may be restricted to companies of the bilateral partner country and Indian companies. While, Joint Venture 20p£rnpanies of bilateral partners and Indian companies will be eligible, Indian companies may be restricted to those where ownership by Indian nationals /companies is more than 50%. c) There shall be a provision for removing sourcing condition and to go for International Competitive Bidding in case of lack of adequate resp .....

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