Government working to utilise procurement process for promoting startups: DPIIT Secretary
The Department for Promotion of Industry and Internal Trade (DPIIT) outlined plans to use government procurement as a mechanism for startup promotion at the National Startup Awards 6.0 event. The initiative aims to provide early demand access and streamline pathways through relaxations in General Financial Rules. Officials also highlighted information asymmetry as a key challenge and are working to increase awareness and participation among startups in procurement opportunities.
Key points
- Government procurement being leveraged for startup promotion
- Early demand access being provided to startups
- GFR relaxations and circulars already exist but need better uptake
- Information asymmetry identified as a challenge
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