Business Other News 06 Sep 2018 Portal to touch $100 ...

Portal to touch $100b in 3 years: Suresh Prabhu

DECCAN CHRONICLE.
Published Sep 6, 2018, 6:32 am IST
Updated Sep 6, 2018, 6:32 am IST
The minister said that GeM should consider allowing private companies to buy goods and services from the portal. 
Commerce minister Suresh Prabhu
 Commerce minister Suresh Prabhu

New Delhi: Commerce minister Suresh Prabhu on Wednesday said that  transactions on government’s e-marketplace (GeM) will hit $100 billion in 3 years.

The minister said that GeM should consider allowing private companies to buy goods and services from the portal. 

 

Currently, only government departments and public sector units are allowed to procure goods and services from this platform. The ministry launched GeM in August 2016 with the objective of creating an open and transparent procurement platform for the government.

Mr Prabhu said that the GeM should now think of expanding its scope to increase the volumes of goods and services traded.

“I feel that we should now think of expanding the scope of GeM. One thing I would like GeM to do is that today private companies can register but the buyer is only government. To make sure that this expands even more, we would like to see that even private companies can buy.”  

 

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
-->