Definition
Local content is the share of an item's value that is added in India — the total value minus the value of imported content, as a percentage. Under the Make in India order it decides whether you are a Class-I or Class-II local supplier or non-local. You declare it in the bid; above certain values a certificate from an auditor or cost accountant may be required.
In simple words
Local content = aapke product mein kitna hissa Bharat ka hai, percent mein.
Related terms
Guides on this topic
This is a general explanation. Confirm exact limits, percentages and timelines in the bid document and on gem.gov.in.
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