Centre temporarily eases local sourcing preference for public procurement of Covid-19 supplies
May 14, 2021
Public procurements are often riddled with large-scale corruption and inefficiency. To bring in transparency, efficiency and speed in public procurement, which accounts for 20 per cent of the country’s GDP, the Commerce Ministry launched the Government e-Marketplace (GeM) in 2017.
The Department of Pharmaceuticals (DoP) said for formulations that are not manufactured in India, the minimum local content shall be 10 per cent in 2018-19 - File photo
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Public procurements are often riddled with large-scale corruption and inefficiency. To bring in transparency, efficiency and speed in public procurement, which accounts for 20 per cent of the country’s GDP, the Commerce Ministry launched the Government e-Marketplace (GeM) in 2017.