A PYMNTS Company

India: Tender reforms aim to promote competition

By  |  April 1, 2013

The Municipal Commissioner of India’s most wealthy municipal organization, BMC, has planned to modify the body’s tender system in efforts to prevent bid-rigging, cartelization and other anticompetitive behavior. BMC is the governing body of Mumbai. According to reports, the proposals will include minimum bid requirements for a certain tender, variation requirements in contract sizes, and additional conditions for bidding processes. A committee has been formed to outline the proposals. According to Deputy Municipal Commissioner Ramesh Pawar, the reforms will reinforce “more efficiency, fair and equitable treatment to bidders, promotion of competition and prevention of corrupt practices.

 

Full Content: The Indian Express

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.