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Business EconomyPosted at: Sep 11 2019 4:04PM


GeM, Punjab Govt sign MoU for setting up Project Management Unit

New Delhi, Sep 11 (UNI) Government e Marketplace (GeM), under the Ministry of Commerce and Industry and the Punjab Government 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 Chandigarhon September 10.
GeM, under the Department of Commerce, 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 and 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 has advised 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.
The Punjab Government 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, the Punjab Government 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 3,000 crore per annum, over a period of time, according to a statement here on Wednesday.
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Tags: #GeM# Punjab Govt sign MoU for setting up Project Management Unit
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