February 13, 2026

localisation

Saudi aramco achieves 70 local content milestone in supply chain boosting saudi vision 2030.jpg

Saudi Arabia’s oil giant Saudi Aramco crosses 70% localisation milestone, $280 billion boost to GDP: Global firms rush in as iktva creates over 200,000 jobs

contact@dailyupdatesindia.com05 mins

Saudi Aramco Achieves 70% Local Content Milestone in Supply Chain, Boosting Saudi Vision 2030 Saudi Aramco, the world’s largest integrated energy and chemicals company, has announced a major breakthrough in its In-Kingdom Total Value Add (iktva) programme by achieving a 70% local content benchmark in its supply chain, a milestone that underscores the Kingdom’s push…

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Looking beyond oil trade: Russia eyes joint ventures with India for localisation of products; ‘India remains an absolute priority…’

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Russian companies increasingly see India as an attractive destination for setting up local production facilities. (AI image) Looking to extend ties beyond energy and oil, Russia is aiming to set up joint ventures with Indian firms in several sectors. Several Russian firms are engaged in discussions to localise manufacturing across segments such as engineering, shipbuilding,…

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Indian Railways revises contract conditions: Introduces localisation, price variation clauses; compliance with GST norms in focus

contact@dailyupdatesindia.com02 mins

Indian Railways has revised its standard conditions of contract for tenders, introducing localisation and price variation clauses while emphasizing maintenance during contract execution, officials said. The changes aim to make procurement more flexible and reduce litigation.“Contractors can replace faulty or rejected goods within 60 days of being informed of defects. They had just 21 days…

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