Bill to make procurement policy mandatory

BANGALORE: Union Minister for Medium and Small Scale Industries (MSME) Virbhadra Singh said the government plans to make the procurement policy obligatory throughout India after three years, a

Published: 17th February 2012 02:10 AM  |   Last Updated: 16th May 2012 05:57 PM   |  A+A-

1-BILL

Union Minister for Medium and Small Scale Enterprises Virbhadra Singh with Ambassador of Rwanda William Nkurunzinza at Cliktronica exhibition in Ba

BANGALORE: Union Minister for Medium and Small Scale Industries (MSME) Virbhadra Singh said the government plans to make the procurement policy obligatory throughout India after three years, as of now only the Union government and the Public Sector Units are falling under this category.

He was speaking after inaugurating ‘Cliktronika’, a biannual exhibition and buyer-seller meet organised by the Consortium of Electronic Industries of Karnataka (CLIK), in association with similar interest groups, in order to boost the growth of MSMEs on Thursday.

At present, only 20 percent of the department ie, PSUs at central level come  under the purview  of procurement policy. “If it is implemented all over India, taking state governments into confidence, then by 2020, the country will create 60 million jobs. Giving prime importance to this sector in PSUs has boosted the nation’s economy. The country recorded 45 per cent output and 40 per cent export and therefore, after the elections of UP, a bill will be tabled in the Parliament and make it mandatory to all states to adapt the procurement policy,” he said.

PM Manmohan Singh gave a significant push to the MSME sector, the minister said and added “It is the PM who constituted  the task force, specially to look into the matter related to MSMEs and provide quality in conducting business. The ministry of MSMEs will train   50 crore people by the end of 2020.”

President of the CLIK Uma Reddy said, “The use of technology in medium and small scale industry is more in towns and other municipalities. The cities have reached the recycle stage, now it is high time that we look up to other small towns and introduce the technology there.”

Stay up to date on all the latest Bengaluru news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp