Union Commerce Ministry launches e-marketplace portal for goods procurement

The Union Commerce Ministry has launched an e-marketplace portal for online purchase of goods and services by various central government ministries and departments.
It was launched by the Union Minister of State (MoS) Commerce and Industry Nirmala Sitharaman in New Delhi.
Key Facts

• The e-marketplace portal has been developed by the Directorate General of Supplies and Disposals (DGS&D).
• The e-marketplace portal aims at bringing in more transparency and streamlining the government procurement of goods and services.
• Using this, portal all the government departments and ministries can procure goods and services.
• It will help to aggregate demand which will lead to lower prices, better choices and faster procurement.

Directorate General of Supplies and Disposals (DGS&D): It is department under the Union Commerce Ministry and carries out the government procurement.

Month: Current Affairs - July, 2016