GeM will now diversify into the projects bidding process of governments and central public sector enterprises (CPSEs), after initially focusing on government procurement of goods and services, GeM chief executive officer Prashant Kumar Singh said in an interview. Though the intent is there, there is no standardization in the bidding process. GeM has already got its mandate for developing “GeM Works". GeM Works will lead to standardization in the project bidding process across the country and will eliminate the scope for corruption, Singh said. Within the same organization also, there is no standardization in the bidding process.

Source: Mint August 15, 2021 20:37 UTC