SME Times is powered by   
Search News
Just in:   • Committee postpones vote on Trump impeachment charges  • Trump 'signs off' on deal to pause US-China trade war  • Cabinet allows NHAI to set up InvIT  • New scheme in pipeline to improve bank credit to exporters  • 'Flexible inflation targeting be reviewed only after March 2021' 
Last updated: 11 Sep, 2019  

GeM.9.Thmb.jpg GeM signs MoU for setting up project mgmt. unit

GeM.9.jpg
   Top Stories
» New scheme in pipeline to improve bank credit to exporters
» 'Flexible inflation targeting be reviewed only after March 2021'
» Auto cos focus on exports to push sales
» Nov vehicle registration up 2 per cent
» Auto sales decline by 12 pc in Nov: SIAM
SME Times News Bureau | 11 Sep, 2019

Government e Marketplace (GeM) under the Department of Commerce, Ministry of Commerce & Industry and Government of Punjab, signed MoU to set up a GeM Organizational Transformation Team (GOTT) Project Management Unit (PMU) in the state.

The MoU was signed by Additional CEO,GeM, S. Suresh Kumar, and Director Industries, Government of Punjab, C. Sibinat Chandigarh on 10th September 2019.

GeM, the national public procurement portal launched in August 2016 has transformed the public procurement landscape in the country with transparency, efficiency and inclusion. 

It has facilitated procurement worth over Rs. 34,000 crore of goods & services by various Government Departments, Organisations and PSUs.

To further strengthen and enable Government departments towards a market based procurement, Department of Expenditure, Ministry of Finance, Government of India hasadvised Ministries and Departments of Central and State Governments to consider services of GOTT on an outcome based self-sustenance model.

GOTT will assist the buyer agency to redesign the procurement processes and enhance competencies to derive maximum benefit from the online marketplace.

Government of Punjab is the first State which will establish GOTT PMU for effectively utilising this transformational initiative towards inclusive, efficient and transparent procurement.

Among the CPSUs, SAIL has already signed MoU for setting up of PMU. Many other states and CPSUs are in the process of setting up GOTT PMUs.

It is projected that through the initiatives of GOTT PMU, Government of Punjab will be able to transact around Rs 1700 crore in terms of annual Gross Merchandize Value (GMV) on GeM platform in the first year and over Rs 3000 crore per annum, over a period of time.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Dec, 2019
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MRF to set up a new plant in Gujarat(2)
» India software market grew 12.4% in H1 2019: IDC(1)
» European Union: A promising market for Indian handicraft exporters(1)
» Action plan for successful export marketing(1)
» "Govt's mantra Sabka Saath, Sabka Vikas, Sabka Vishwas"(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter