SAIL becomes first CPSE to enter into MoU with GeM for more efficient

New Delhi, July 19, 2019: Steel Authority of India Limited (SAIL) has signed a Memorandum of Understanding (MoU) with Government e-Marketplace (GeM), Department of Commerce, Ministry of Commerce and Industry, Government of India for procurement of Goods & Services on GeM portal on 18^th July, 2019. Amongst CPSEs, SAIL under the aegis of Ministry of Steel is the first CPSE to enter into an MOU with GeM. This endeavour towards maximising the procurement of Goods & Services on GeM Portal aims to promote inclusiveness, broadening of base, transparency and efficiency in public procurement and achieve cashless, and paperless transaction.

Shri Anil Kumar Chaudhary, Chairman, SAIL and Shri S. Suresh Kumar, Addl. CEO, GeMexchanged the MoU in the presence of Shri Binoy Kumar, Secretary (Steel) and Dr. Anup Wadhawan, Secretary (Commerce). Senior officials of Ministry of Steel, Ministry of Commerce & Industries, GeM and SAIL were also present during the signing in. Speaking on the occasion, Shri Anil Kumar Chaudhary said, “We have always remained in the forefront of implementing government’s digital endeavours. In this line only, this MoU has been signed by SAIL with GeM. SAIL will make all efforts to use this portal extensively for its wide range of procurements.”

The GeM is a National Public Procurement Portal providing end to end online marketplace for procurement of common Goods & Services by Central & State Govt. Ministries/ Departments /PSUs, autonomous institutions and local bodies through its authorized office(s). It is managed by GeM – Special Purpose Vehicle(SPV), which is a non-profit registered company. The entire gamut of procurement activities would be managed by GeM –SPV with deployment of a GeM Organisation Transformation Team (GOTT) Project Management Unit (PMU) in SAIL for a period of one year.