Wednesday, 17 August 2022



LATEST NEWS First Of Its Kind Collaboration (Jashn E Kashmir) Between Punjabi And Kashmiri Artists Pulls Youth In The Valley Secrets: The PropheC Drops Captivating Teaser Of Upcoming Track. Video Inside Andhra Pradesh to get Rs 1.54 lakh cr investment in 2 years Drashti Dhami reveals what made her say yes to 'Duranga' Akshay Kumar grooves to 'Main Khiladi Tu Anari' after 28 years for 'Selfiee' Father's friends rape teenage daughter, one arrested in Kerala Kriti Sanon wants Vijay Devarakonda, Kartik Aaryan, Ryan Gosling in her swayamwar Asaduddin Owaisi slams Centre over targeted killings of Kashmiri Pandits Ireland all-rounder Kevin O'Brien retires from international cricket Basavaraj Bommai supports BJP minister after his 'no functioning govt in Karnataka remark Indices end higher for third straight session, Sensex closes at 58,842 Pulkit Bangia calls 'Kumkum Bhagya' life changing break 'Squid Game' wins two prizes at US critics' awards Prateik Babbar, Simi Chahal's 'Tere Bajjon' is an emotional rollercoaster Nitish Kumar calls 1st cabinet meeting to distribute portfolios to ministers On TV, you just get lost : Aly Goni Ranjit Bawa Is Soon To Hit Music Charts With His Debut EP. Shares Details On IG Stories Adal Badal: After Shershaah, Kiara Advani & Sidharth Malhotra To Share Screen In Upcoming Rom-Com Film Sidharth Malhotra finally reveals his 'future plans' with Kiara on 'Koffee With Karan' Defence Minister Rajnath Singh hands over multiple indigenous weapons to Army Kamal Haasan-starrer 'Vikram' completes 75 days in theatres


Pon. Radhakrishnan inaugurates the two day Third Global Procurement Summit in national capital

Web Admin

Web Admin

5 Dariya News

New Delhi , 08 Feb 2018

The Government of India attaches great importance to fairness, transparency and accountability in public procurement and it has raised the citizen’s expectation in terms of efficiency and outcomes of public spending. The Minister of State for Finance and Shipping, Government of India, Shri Pon. Radhakrishnan said thatthe Government of India attaches great importance to fairness, transparency and accountability in public procurement and it has raised the citizen’s expectation in terms of efficiency and outcomes of public spending. He said that the present Central Government has a clear vision of transforming the procurement and public service delivery.The Minister for State for FinanceShri Pon. Radhakrishnan was delivering the Inaugural Address after inaugurating theThird Global Procurement Summit in New Delhi here today.The Minister pointed-out that the Government procurement contributed nearly 20% of the GDP and said that public procurement was an important policy instrument. Highlighting the Central Government’s focus on improving procurement, the Minister referred to the Government’s e-marketplace (GeM) initiative. He highlighted the use of procurement to achieve economic inclusion of MSMEs and Start-ups to create jobs. He also mentioned the efforts of the Government of India to promote Sustainable Procurement especially in the case of promotion of LED lamps, electrification projects of Railways, etc.

 The two daySummit is being organized by All India Management Association(AIMA), World Bank and the Government of India. It is being attended among others by the Senior External Resources Officers from the Government of India, Executives from public and private Indian companies and delegates from Asia, Africa, Europe and the US. Shri Ajay Narayan Jha, Secretary (Expenditure), Ministry of Finance, Govt. of India delivered the Keynote Address in the Inaugural Session of the two-day Summit.Shri Radhakrishnan congratulated All India Management Association and World Bank for creating a knowledge platform for the procurement professionals and wished the Summit success.

In his Keynote Address on the occasion,Mr Ajay Narayan Jha,Secretary (Expenditure), Govt. of Indiasaid that the Central Government had brought in a paradigm shift in procurement to ensure that the Government procurement is fair and transparent and includes an accountability process covering the entire value chain. He said that the next year’s infrastructure spending budget alone was about Rs 6 lakh crore.Shri Nikhil Sawhney, Treasurer, All India Management Association (AIMA) and Vice-Chairman and Managing Director, Triveni Turbine Limited delivered the Welcome Address and Shri Vinay Sharma, Director, Global Governance Practice, World Bank set the context for the deliberations at the summit.The theme of the two-day Summit is ‘New Frontiers faced in the Transformation process of Procurement Today’ and the discussions are aimed at addressing the changes in the nature and environment of the procurement function.Changes are required in external resource management because of disruptive changes in technology, nature of public services, citizen’s expectations and the reorganization of financial powers between the centre, the state and the local governments. The strategies, tools and organization of procurement have to be renewed and the procurement function has to change from delivering inputs to delivering outcomes.

To update the knowledge and skills of the procurement officers, the Summit involves focused session with experts on the key facets of strategic sourcing. The sessions at the Summit will cover application of digital technologies in procurement, achieving sustainability and inclusion, prevention contractual disputes and project delays and the latest global innovations in public procurement. The public private partnership (PPP) is also a key focus area at the event.The peer-to-peer dialogue at the Summit hopes to achieve greater cooperation across nations and sectors in sharing procurement knowledge and skills. It hopes to make the participants more aware of the changes required in procurement management and to provide guidance for upgrading approaches, skills and tools to suit the digital economy and decentralized resource management.More than 200 procurement officialsfrom all over the world are attending the Global Procurement Summit. The speakers include government officials from India, US and UK besides senior leaders from World Bank, public and private sector companies and global consultants.



Tags: P Radhakrishnan



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD