Generally, to apply for Government Tenders (Public procurement), the eligible Vendor is required to have ‘prior experience’ or a ‘requisite turnover’. This would put Startups with requisite innovative ideas, but no long-time established credibility in a disadvantageous position. Under the Startup India scheme, public procurement norms have been relaxed for startups and equal opportunities are provided for both startups and experienced entrepreneurs. This is a big support for Startups with innovative & commercially viable business model to participate in Government tenders.
Home > Blog > #19 Relaxed Norms for Public Procurement.
Blog
July 9, 2022