India: Government “e-marketplace”: Cabinet orders winding up government’s procurement department, to replace with e-marketplace

12 April, 2017: The Union Cabinet on Wednesday ordered the Directorate General of Supplies & Disposal (DGS&D) to wind up operations by October 31 and approved a special purpose vehicle called the Government e-Marketplace (GeM SPV) as its replacement. The GeM would be the national public procurement portal and will be registered as Section 8 Company for providing procurement of goods and services…