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Date: 11-Mar-2024 Category: Extra Ordinary State: Union Government Country: India

Notification regarding extension of the term of the Domestically Manufactured Iron and Steel Products (DMI and SP) Policy.

Issued by Ministry of Steel · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The notification extends the applicability of the policy that provides preference to domestically manufactured Iron & Steel Products in Government procurement.

Key Changes

  • The policy's applicable term is extended for an additional 6 months.
  • The extension is effective from May 29, 2024.
  • The original notification regarding the policy was published on May 29, 2019, vide Notification No. 3(2)/2018-IDD [G.S.R. 385(E)].

Impact Analysis

Domestic Iron & Steel Manufacturers

  • Action Item: Manufacturers should ensure they meet the policy's requirements to benefit from the preference.

Government Procurement Agencies

  • Action Item: Procurement guidelines and processes need to be updated to reflect the extended policy duration.

Foreign Iron & Steel Product Suppliers

  • Action Item: Foreign suppliers need to explore partnerships with domestic manufacturers or focus on private sector opportunities.

Economy

  • Action Item: Monitor the impact of the policy extension on the overall economy and the iron and steel sector.

Key Entities Referenced

Ministry of Steel: The issuing authority for the notification. Government of India: The ultimate authority under which the policy operates. Notification No. 3(2)/2018-IDD dated 29.5.2019 [G.S.R. 385(E)]: The original notification establishing the policy for providing preference to domestically manufactured Iron & Steel Products.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सससीीी...जजजीीी...---डडडीीी...एएएललल...---अअअ...---111111000333222000222444---222555222888333222 xxxGIDHxxx CCCGGG---DDDLLLxx---xEEEG---I111D111E000x333x222x000 222444---222555222888333222 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 157] नई दिल्ली, सोतवार, ताच च11, 2024/फाल्ग नु 21, 1945 No. 157] NEW DELHI, MONDAY, MARCH 11, 2024/PHALGUNA 21, 1945 इस्ट्प ात तरं ालय अजधसचू ना नई दिल् ली, 11 ताचच, 2024 सा.का.जन. 169(अ).—सरकारी खरीि तें स्ट् विेिी ूपप से जवजनर्तचत लौह एवं इस्ट्पात उत्पािों को प्राथजतकता प्रिान करने के जलए भारत के रािपर तें दिनांक 29.5.2019 [िी.एस.आर. 385(ई)] की अजधसूचना संख्या 3(2)/2018-आईडीडी के तहत प्रकाजित संिोजधत नीजत के पैरा 10.1 के प्रावधानों के अनुसार, नीजत की लागू अवजध को 29.5.2024 से एतद्द्वारा 6 ताह की अजतररक्त अवजध के जलए बढाया िाता ह।ै [फा. सं. 8(2)/2023-आईडी-I] ूपजचका चौधरी गोजवल, अपर सजचव MINISTRY OF STEEL NOTIFICATION New Delhi, the 11th March, 2024 G.S.R.169(E).—In terms of the provisions of Para 10.1 of the revised Policy for providing preference to domestically manufactured Iron & Steel Products in Government procurement, published in the Gazette of India vide NotificationNo.3(2)/2018-IDD dated 29.5.2019 [G.S.R. 385(E)], the applicable term of the Policy is hereby extended for a further period of 6 months with effect from 29.5.2024. [F. No. 8(2)/2023-ID-I] RUCHIKA CHAUDHRY GOVIL, Addl. Secy. 1727 GI/2024 Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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