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OIL, Bhel, and now Gail: PSUs’ tender prequalification norms favour Big Four, leave out Indian firms

OIL, Bhel, and now Gail: PSUs’ tender prequalification norms favour Big Four, leave out Indian firms
OIL, Bhel, and now Gail: PSUs’ tender prequalification norms favour Big Four, leave out Indian firms
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Concept by N Sundaresha Subramanian and Muhabit ul haq

Synopsis

Indian CA and consultancy firms are blaming PSUs for going against the spirit of Atmanirbhar Bharat while hiring consultants for tax and GST-related work. The restrictive conditions imposed by some state-run entities, they allege, have effectively pre-empted the participation of most domestic firms in tenders. A case in point is natural gas major Gail’s recent tender.

Homegrown chartered accountantand consultancy firms are crying foul, alleging that the selection criteria applied by several public-sector undertakings (PSUs) while awarding work are unfavourable and against the spirit of the Prime Minister’s ambitious Atmanirbhar Bharat campaign. Calling it a deliberate attempt to favour the Big Four, they are blaming the state-owned behemoths for keeping Indian firms out of work by drafting conditions that aid
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