Gvt pushes for local content strategy 

Government, in partnership with the private sector has formulated a draft local content strategy which provides guiding principles for the development of local industry through local content strategies. 

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Government, in partnership with the private sector has formulated a draft local content strategy which provides guiding principles for the development of local industry through local content strategies. 
Government, in partnership with the private sector has formulated a draft local content strategy which provides guiding principles for the development of local industry through local content strategies. 
Government, in partnership with the private sector has formulated a draft local content strategy which provides guiding principles for the development of local industry through local content strategies.
Addressing journalists at a national public procurement conference Industry and Commerce deputy minister,  Raj Modi said buy the local content strategy was a key component of the broader draft national Industrial development policy.
“Government through the Ministry of Industry and Commerce in collaboration with private sector stakeholders has formulated a draft local content strategy which is a key component of the broader draft national Industrial development policy. The strategy provides guiding principles for the development of local industry through local content strategies,” he said.
Modi said the local content strategy will be implemented through preferential initiatives
“The local content strategy will be implemented through preferential initiatives and development of funding models dedicated for the development of local suppliers to be financed through government as well as private capital,” he said.
He said the procurement conference was an important platform to raise awareness among decision makers, procurement entities, suppliers and other stakeholders on the importance of local procurement with an emphasis on innovation, social responsibility and sustainability.
“This gathering of government institutions and private sector stakeholders provides an important platform to raise awareness among decision makers, procurement entities, suppliers and other stakeholders on the importance of local procurement with an emphasis on innovation, social responsibility and sustainability.
“My intervention is to appraise this gathering on the strategies under the local content strategy as well as opportunities for local Industry in public P
Procurement” Modi said.