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Article: Need to set up Public Procurement Agency: Assocham-World Bank.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 9, 2006
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Need to set up Public Procurement Agency: Assocham-World Bank
New Delhi, Nov 9 (PTI) Industry body Assocham today said a Public Procurement Agency needs to be created to ensure government purchases are awarded timely to suppliers as well as to improve its procurement performance with reduced costs.
Assocham and the World Bank, who have jointly represented to the government to create the Agency, feel this would help the government reduce its purchases cost by at least 20 per cent and improve procurement efficiencies practices by 18 months in the short term and 36 months in medium term.
The Assocham-World Bank Joint Paper on Public Procurement has ...