Public procurements may come with startup quotas
Mint Mumbai|December 03, 2024
Secretaries' committee pitches idea; scheme may also include support for research
Mihir Mishra & Sneha Shah
Public procurements may come with startup quotas

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said.

Secretaries from the ministries of commerce, labour, chemicals, heavy industries, steel, MSME and textiles are part of these discussions, the people cited above said on the condition of anonymity.

"The intent is to help India's startup sector grow, and make India an attractive place for them," one of the two officials said.

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