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Some Important Aspects Of Madhya Pradesh Tenders That Every Bidder Should Take Note Of
Aspirants bidding for Madhya Pradesh tenders and desirous of winning them should take serious notes of certain aspects that will not only affect their bids for such tenders but also their prospects after winning the bids. ,[link widoczny dla zalogowanych]
Government Pushes Bidders for Implementation
Recently the government of Madhya Pradesh has taken a stand towards pushing the bidders for implementation of the projects for which they have won the Madhya Pradesh tenders. Such decision of government mostly relates to the investment sectors. Investors who did bid for investment and won them have been allowed six months time to start their project failing which the bid will be cancelled. Thus bidders have to be careful about this aspect and they should plan in advance regarding commencing their project in time or they may in for some nasty surprises.
Investment Industry Offers Great Scope
Yet all said and done investment industry in Madhya Pradesh offers excellent opportunities for the bidders. In fact in the current year only the government of M. P has signed no less than 281 agreements with proposed investments of Rs. 4, 32, 922 crores. If even half the agreements come up practically there will be numerous Madhya Pradesh tenders live in the market which relates to such works and associated fields.
Legal Aspects of Bidding for M. P Tenders
Bidders aspiring to bid for and win Madhya Pradesh tenders will have to take stock of the legal aspects of bids. Some of the important things to note are
* They have to be conversant with the regulations of TRIFAC or the Trade and Investment Facilitation Corporation Ltd of Madhya Pradesh.
* Besides having valid sales tax and income tax numbers the bidders are expected to have necessary license to operate in the field for which they are bidding. For instance; they should have the solvency certificate because insolvent people are not eligible for bidding in response to tenders.
Major Industrial Houses Offer Good Opportunities
Besides government of Madhya Pradesh,[link widoczny dla zalogowanych], some of the major industrial and corporate houses operating in the state offer great opportunities for all types of business. Some of the best Madhya Pradesh tenders are floated by such organizations as the Anil Dhirubhai Ambani groups or ADAG and similar others.
Sectors in M. P Providing Best Opportunities
Major sectors in which the best Madhya Pradesh tenders are available are as follows.
* Higher education and related areas where the investment is proposed to reach nearly Rs. 3,[link widoczny dla zalogowanych], 000 crores.
* Food processing industry where the investment is proposed to be Rs. 1,[link widoczny dla zalogowanych], 685 crorers.
* Special area development authorities those have proposed investment of around Rs. 2, 685 crores.
* Energy sector and related areas where the investment is proposed to be as large as Rs. 76, 080 crores.
* Health sector where investment is proposed to be Rs. 400 crores.
* Renewable energy sector where investment is proposed to be Rs. 1200 crores.
Such opportunities are for grab by entrepreneurs provided the fit in to the requirements of Madhya Pradesh tenders floated in the market.
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