Indian Railways revises contract conditions: Introduces localisation, price variation clauses; compliance with GST norms in focus
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Indian Railways has updated its tender contract conditions to prioritize localization, price variation, and maintenance, aiming for greater procurement flexibility and reduced litigation. The revised framework extends the defect replacement timeframe for contractors and grants zones more procurement autonomy. These changes, coupled with GST compliance measures, support India's infrastructure expansion plans, including significant additions to wagons, locomotives, and track works. What's Your Reaction?
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