[ad_1]
The federal government, in an inner round to ministries and departments, has stated that the demerged entities can use the father or mother’s identify once they take part in public procurement contracts. The choice comes after many such demerged firms couldn’t qualify for the general public procurement course of.
“Procuring entities could in appropriate circumstances think about the credentials primarily based on the benefit and circumstances of the circumstances like kind of procurement, nature of demerger, variety of eligible bidders accessible, and so on.,” stated the round, which ET has seen.
The bid paperwork should clearly point out the situations beneath which demerged entities could turn out to be eligible, it added. It’s obligatory for central ministries or enterprises to acquire a minimal 25% out of their whole annual procurement from micro and small enterprises (MSEs).
In accordance with official knowledge, procurement by CPSEs by the GeM (authorities e-marketplace) portal totalled ₹92,926 crore this fiscal 12 months until end-September, in contrast with ₹36,233 crore a 12 months earlier.
