Question
Which of the folloiwng becomes the first Central Public
Sector Enterprise (CPSE) to achieve the major milestone of procurement value of Rs 10,000 crore through the Government-e-Marketplace (GeM) since inception?Solution
Steel Authority of India Limited (SAIL) ,becomes the first Central Public Sector Enterprise (CPSE) to achieve the major milestone of procurement value of Rs 10,000 crore through the Government-e-Marketplace (GeM) since inception. SAIL has been at the forefront in partnering with GeM and has played an active role to create different functionalities to enhance the reach of the GeM portal.From a small beginning of Rs. 2.7 Crore in FY'18-19, SAIL has already crossed the total value of Rs. 10,000 Crore in this year. Incidentally, SAIL was the largest CPSE procurer on GeM in the previous Financial Year with a value of Rs. 4,614 Crore. Steel Authority of India Headquarters: New Delhi CEO: Soma Mondal The Government e-Marketplace is an online platform for public procurement in India. The initiative was launched on August 9, 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. Prashant Kumar Singh is the CEO of this platform. Central Public Sector Enterprises (CPSEs) are those companies in which the direct holding of the Central Government or other CPSEs is 51% or more.
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