New Delhi, Feb 5: Union Minister of Finance and Corporate Affairs, Arun Jaitley has stressed on
the importance of procedural fairness in public procurement and award of
contracts.
While delivering the inaugural address at the 5th South Asia
Region Public Procurement Conference here on Monday, Finance Minister said that
this can be ensured through transparency and fairness that enable a State to
act in the best interest for its citizens in terms of price, quality and
service delivery and help avoid elements of nepotism and corruption in public
procurement.
The Finance Minister highlighted the special measures taken by the Government of India to bring in greater transparency, fairness and efficiency in public procurement through a series of measures including launch of the Government e-Marketplace (GeM) for online purchases of common use items.
The Finance Minister mentioned that in addition to having its own rules and regulations relating to public procurement in the Government, the layers of accountability at various levels in the Government have also been tightened.
He noted the evolution of public procurement in the last century and emphasised its significance in delivery of public services in democratic societies in the larger interest of the citizens. Mr Jaitley said that as South Asia is the fastest growing region, the relevance of public procurement is of key importance to all.
Mr Jaitley wished the Conference a success and hoped that the deliberations would be of mutual interest and benefit to all the participants.
On a finishing note Mr Jaitley expressed his interest in the best practices that would emerge from the deliberations between the participants. He congratulated the World Bank, Asian Development Bank (ADB) and other partners for organising such an event.
This Conference is being attended by the Senior Government Officials of South Asian countries in addition to the World Bank (WB), Asian Development Bank (ADB), Islamic Development Bank (IDB) and other agencies.
The objective of the Conference is to enable the Heads of Public Procurement and other key stakeholders in the eight South Asian countries to meet and learn from one another and from experts in the field of public procurement. UNI
The Finance Minister highlighted the special measures taken by the Government of India to bring in greater transparency, fairness and efficiency in public procurement through a series of measures including launch of the Government e-Marketplace (GeM) for online purchases of common use items.
The Finance Minister mentioned that in addition to having its own rules and regulations relating to public procurement in the Government, the layers of accountability at various levels in the Government have also been tightened.
He noted the evolution of public procurement in the last century and emphasised its significance in delivery of public services in democratic societies in the larger interest of the citizens. Mr Jaitley said that as South Asia is the fastest growing region, the relevance of public procurement is of key importance to all.
Mr Jaitley wished the Conference a success and hoped that the deliberations would be of mutual interest and benefit to all the participants.
On a finishing note Mr Jaitley expressed his interest in the best practices that would emerge from the deliberations between the participants. He congratulated the World Bank, Asian Development Bank (ADB) and other partners for organising such an event.
This Conference is being attended by the Senior Government Officials of South Asian countries in addition to the World Bank (WB), Asian Development Bank (ADB), Islamic Development Bank (IDB) and other agencies.
The objective of the Conference is to enable the Heads of Public Procurement and other key stakeholders in the eight South Asian countries to meet and learn from one another and from experts in the field of public procurement. UNI
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