Bharat Heavy Electricals (BHEL) will procure Rs 3,000 crore of products from small businesses annually as part of the government's efforts to encourage them.
The company has earmarked 300 products which are to be picked up from small and medium enterprises.
The company sees a lot of market potential for local manufacturing in fields such as e-mobility, railway electrification, renewables and energy conservation, for which it will need products such as inverters, transformers, power conditioning units, solar modules, LEDs, batteries, battery chargers, etc.
BHEL has launched an online technology platform to collaboratively support domestic industry in technology innovation and problem-solving with its infrastructure and resources to meet national targets.