GeM, SAIL ink pact set up project management unit

GeM, SAIL ink pact to set up project management unit

7:55 AM, 22nd July 2019
GeM and SAIL logo

NEW DELHI, INDIA: Public procurement portal Government eMarketplace (GeM) and Steel Authority of India (SAIL) signed a pact to set up a project management unit (PMU) in India, in the presence of Steel Secretary Binoy Kumar.

The current steel secretary has launched this marketplace when he was additional secretary in the commerce ministry to increase efficiency and transparency in the public procurement, which runs into lakhs of crores.

"GeM and SAIL, signed an MoU (memorandum of understanding) to set up GeM Organizational Transformation Team - Project Management Unit (GOTT-PMU)," the commerce ministry said in a statement.

The team will assist the buyer agency to transform their business activities, processes, competencies and models to fully leverage the opportunities of an open market-based procurement.

With this MoU, SAIL has become the first public sector undertaking to establish GOTT PMU for transforming their procurement landscape and increasing their footprint on GeM.

It is projected that through this initiative, SAIL will be able to transact Rs 1,700 crore in terms of annual gross merchandise value on GeM platform in the first year and Rs 9,000 crore, over a period of time, it added.




Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

DSM submits new methane-reducing feed additive for EU approval

KAISERAUGST, SWITZERLAND: Royal DSM has commenced filing its new feed additive for EU authorization approval. The company claims that the new feed ad ...

Read more
Clariant to sell healthcare packaging biz to Arsenal’s affiliate

MUTTENZ, SWITZERLAND: Clariant has signed an agreement to sell its healthcare packaging business to a newly-formed affiliate of Arsenal Capital Partne ...

Read more
Alembic Pharma gets FDA approval for neuropathic pain management drug

VADODARA, INDIA: Alembic Pharmaceuticals Limited has received approval from the US Food & Drug Administration (USFDA) for Pregabalin Capsules, ind ...

Read more
IEA launches new tool to track methane emissions

PARIS, FRANCE: The International Energy Agency (IEA) has launched a new online tool that tracks oil & gas-related sources of methane. The new  ...

Read more
Camel dung fuels cement production in northern UAE

RAS AL-KHAIMAH, UAE: Thousands of tonnes of camel dung are being used to fuel cement production in the northern United Arab Emirates, cutting emission ...

Read more
'Bioinspired' sustainable chemistry helps cleanse our water

PITTSBURGH, US: The 20th and 21st centuries have seen an upsurge use of synthetic chemicals worldwide, including pesticides, medications and household ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X