PURCHASE PREFERENCE (PPP-MII) Sample Clauses
The PURCHASE PREFERENCE (PPP-MII) clause establishes a priority for purchasing goods or services from certain suppliers, typically those that meet specific criteria such as being manufactured in a particular country or by designated entities. In practice, this clause requires buyers to give preference to products that are made in the specified location or by qualifying manufacturers when making procurement decisions, provided they meet quality and price requirements. Its core function is to promote local industry or policy objectives by directing purchasing power toward preferred sources, thereby supporting economic or strategic goals.
PURCHASE PREFERENCE (PPP-MII). The Public Procurement (Preference to Make in India) Order 2017, revision dt. 16.09.2020 (aka PP-MII Order 2017) read in conjunction with MoPNG Letter No. FP-20013/2/2017-FP- PNG-Part (4) (E-41432) dt 26.04.2022 & 26.03.2024 and subsequent revision vide DPIIT Order No. P-45021/2/2017-PP (BE-ll)-Part(4)Vol.ll Dated 19.07.2024 circulated vide MOPNG Letter No. No.: FP-20013/24/2017-FP-PNG (E-17013) Dated 21.08.2024, shall be applicable for all tenders as detailed hereunder. 1 The PP-MII Order 2017 shall be applicable for procurements of Goods, Works and Services. HP-HT operations in upstream oil and gas business activities shall be exempted from applicability of the Order 2 The applicable definitions shall be as covered under Public Procurement (Preference to Make in India) Order 2017 –Revision dated 16.09.2020 along with explanatory notes for calculations of local content vide revision Dated 19.07.2024 issued by DPIIT, which includes the following but not limited to