Commerce Ministry starts e-marketplace for goods procurement

The Commerce Ministry has launched an e-marketplace for online purchase of goods and services by various central government ministries and departments which aimed at bringing in more transparency and streamlining the government procurement of goods and services. It was launched by the Union Minister of State (MoS) Commerce and Industry Nirmala Sitharaman in New Delhi. In this regards, the portal has been developed by the Directorate General of Supplies and Disposals (DGS&D) which works under the Commerce Ministry and carries out the procurement.

At the launch of portal, Commerce and Industry Minister Nirmala Sitharaman stated that under this initiative various brands and specifications are available at the portal with cost and this is just a beginning, many more things are in the offing. It will get expanded in the longer term by March next year. In this regards, the DGS&D has asked the departments that for the success of the e-marketplace, it is necessary to upload the demands of common user goods and services required by government buyers. This would help aggregate demand which will lead to lower prices, better choices and faster procurement.

So let’s discuss some questions related to this post:
1. Name the initiative which has been launched by the various central government ministries and departments for online purchase of goods and services?
2. The portal e-marketplace for goods procurement has been developed by which oeganization?

Courtesy: Business Standard


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