Procurement Current Affairs, GK & News

Public Procurement Order, 2017 amended

The Government of India has recently amended the public procurement order 2017. The amendment has been made to curtail Chinese investment. According to the amendment the entities of countries that do not allow Indian companies to participate in their government procurement procedures shall not be allowed to participate in Indian government procurement procedures.  Highlights The ..

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Direct Procurement of Apple from Farmers in J and K

The government is planning to procure nearly 60 per cent of the estimated annual apple production in Jammu and Kashmir directly from the farmers. In the coming days, around 13 lakh metric tonnes of apples would be procured under the Direct benefit transfer scheme in J and K. Implementing Agency The apples will be procured ..

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Govt Targets Rs 50,000-Crore in Fiscal Year 2020 Through Gem

India’s public procurement portal Government e-marketplace (GeM) has witnessed a multifold increase in transactions which ultimately led the Commerce Ministry to set a target of Rs 50,000 Crore in 2019-20, and hitting Rs 1 trillion worth of procurements by 2021. What is Government E-Market Place? It is an online marketplace to facilitate procurement of goods ..

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SBI Caps appointed as transaction adviser to Ministry of Defence

For the first time, the Defence Ministry has appointed a transaction adviser and a legal adviser for procurement projects under the Strategic Partnership (SP) model. SBI Caps [Capital Markets] has been appointed as the transaction adviser. The first task for the advisers will be to work on the Expression of Interest for the Naval Utility ..

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Msme Sambandh

MSME Sambandh is a Public Procurement portal for Micro Small and Medium Enterprises (MSME) launched by government. The objective of the portal is to monitor the implementation of the Public Procurement from MSEs by Central Public Sector Enterprises. Note: Procurement Policy launched in 2012 mandates that 20% of the total annual purchases of the Central ..

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