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SAIL ties up with Dept. of Commerce for e-trade

SAIL has signed an MoU with the Ministry of Commerce that will ensure that their transactions happen through the ministry's e-Marketplace.

, ET Bureau|
Jul 19, 2019, 03.51 PM IST
KOLKATA: Steel Authority of India Limited (SAIL) has signed a Memorandum of Understanding (MoU) with Government e-Marketplace (GeM), Department of Commerce, Ministry of Commerce and Industry, for procurement of Goods & Services on the GeM portal on July 18, 2019. This endeavour towards maximising the procurement of Goods & Services on the GeM Portal aims to promote inclusiveness, broadening of base, transparency and efficiency in public procurement and achieve cashless, and paperless transaction.

Anil Kumar Chaudhary, chairman, SAIL and S. Suresh Kumar, additional CEO, GeM exchanged the MoU in the presence of Binoy Kumar, Secretary (steel) and Anup Wadhawan, Secretary (commerce). The GeM is a National Public Procurement Portal providing end to end online marketplace for procurement of common Goods & Services by Central & State Govt. Ministries /Departments / PSUs, autonomous institutions and local bodies through its authorized office(s). It is managed by GeM – Special Purpose Vehicle (SPV), which is a non-profit registered company. The entire gamut of procurement activities would be managed by GeM –SPV with deployment of a GeM Organisation Transformation Team (GOTT) Project Management Unit (PMU) in SAIL for one year.

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