New Delhi: Steel Authority of India Limited (Sail) has signed an MoU with Government e-Marketplace (GeM), an electronic platform by the union ministry of commerce and industry, for procurement of Goods & Services, here on Thursday. Sail, which is the first CPSE to enter into an MoU with GeM, is aiming at maximising the procurement of Goods & Services on GeM Portal with a view to promote inclusiveness, broadening of base, transparency and efficiency in public procurement and achieve cashless, and paperless transaction.

Sail chairman Anil Kumar Chaudhary and GeM Additional CEO S.Suresh Kumar signed the MoU documents in the presence of union steel secretary BinoyKumar and union commerce secretary AnupWadhawan.

Speaking on the occasion, Anil Kumar Chaudhary said, “We have always remained in the forefront of implementing government’s digital endeavours.Sail will make all efforts to use this portal extensively for its wide range of procurements.”

The GeMis a national public procurement portal providing end to end online marketplace for procurement of common Goods & Services by Central & State government 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 –SPVwith deployment of a GeM Organisation Transformation Team (GOTT) Project Management Unit (PMU) in Sail for a period of one year.