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Government e Marketplace (GeM) is an online platform for public procurement in India. [1] The initiative was launched on 9 August 2016, by the Ministry of Commerce and Industry , Government of India with the objective to create an open and transparent procurement platform for government buyers. [ 2 ]
E-procurement projects are often part of the country's general e-Government efforts to better serve its citizens and businesses in the digital economy. For example, Singapore's GeBIZ was implemented as one of the programmes under its e-Government masterplan. [26] The Procurement G6 leads the use of e-procurement instruments in Public procurement.
Central public sector enterprises (CPSEs) are those companies in which the direct holding of the Central Government or other CPSEs is 51% or more. As on 31.3.2015 there were 298 CPSEs wherein, 63 enterprises are yet to commence commercial operation.
Rashtriya e-Market Services (ReMS) is established as a joint venture of Government of Karnataka (India) and NCDEX spot exchange limited with equal shareholding. It was conceived to blend public interest with the initiative of a private enterprise for establishing, operating, managing a specialized electronic trading platform called Unified Market Platform (UMP) for auctioning of farmer's produce.
A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...
With the formation of the government (popularly referred to as Kūṭami) on 12 June 2024, the cabinet ministers were allocated their portfolios on 14 June 2024. [ 10 ] [ 11 ] In July, Chief Minister Naidu released white papers in the assembly highlighting the status of the state's finances, energy sector, law and order, and excise department.
The National Highways & Infrastructure Development Corporation Limited (NHIDCL) is a fully owned company of the Government of India, set up in 2014 and is responsible for management of a network of over 10,000 km of National Highways out of 1,15,000 km in India.
The government decided to consolidate the businesses of BPCL before privatization. On 31 March 2021, BPCL announced that it had signed an agreement to acquire a 36.6% stake held by OQ (formerly known as Oman Oil Company) for ₹ 2,400 crore (US$280 million) giving it complete control over Bharat Oman Refinery Limited.