Key Points
The demerged entities of central public sector enterprises will be able to use the name of the parent for at least five years from the date of demerger...
The government, in an internal circular to ministries and departments, has said that the demerged entities can use the parent's name when they participate in public procurement contracts..
The decision comes after many such demerged companies could not qualify for the public procurement process...
"Procuring entities may in suitable cases consider the credentials based on the merit and circumstances of the cases like type of procurement, nature of demerger, number of eligible bidders available, etc.," said the circular, which ET has seen...
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