Now Reading: Centre relaxes norms for domestic firms to bid for consultancy contracts
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Centre relaxes norms for domestic firms to bid for consultancy contracts
Centre relaxes norms for domestic firms to bid for consultancy contracts
The Centre has relaxed eligibility norms for domestic consultancy firms bidding for government contracts, giving them a level playing field against global giants like Deloitte, PwC, EY and KPMG. The department of…
The Story in Brief
The Centre has relaxed eligibility norms for domestic consultancy firms bidding for government contracts, giving them a level playing field against global giants like Deloitte, PwC, EY and KPMG. The department of expenditure has reduced high turnover thresholds, capped payroll requirements to project needs, and deferred assessment of key personnel qualifications to the later RFP stage instead of the EoI stage. Ministries have been told to follow the revised criteria while issuing tenders. India's management consulting market is estimated at $9.36 billion in 2026, and is expected to reach $17 billion by 2031.
The Indian Opinion
The claim that this is a blow to the Big Four ignores that global firms like Deloitte and KPMG already have deep Indian subsidiaries that may also benefit from fairer criteria. India's consulting market is projected to cross $17 billion by 2031, so there is room for both domestic and foreign players. The real test will be whether the new weightage for methodology over past credentials actually improves project quality or simply lowers entry barriers. Will the government measure outcomes of contracts awarded under these norms?
Source: livemint.com
This story was synthesised by AI from the source linked above.
