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Publish Date : 07-Feb-2017

Changes to the General Financial Rules (GFR) under works by the ministry of commerce and industry will mandate all state departments to procure goods and services through the Government e-Marketplace (GeM) launched in August.

The government's procurement of goods and services is expected to reach around 10 percent of spending of nearly Rs 2 lakh crore, which means savings of roughly Rs 20,000 crore.

With savings of 10-20% since launch, Procurement done through GeM have added up to Rs 150 crore.

In certain cases savings of even up to 56% were notched.

With India not being a signatory to the World Trade Organisation's agreement on state procurement, the preference for domestic players is also being considered in the National Public Procurement Policy being drafted by the commerce ministry.

Hence, GeM will reportedly block procurement of office equipment like computers that do not meet Preference for Domestically Manufactured Electronic Goods (PMA) norms.

According to these norms, PCs, laptops, tablets and other electronic products should have local value addition of up to 45 over a 5-year period.

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