30/06/2024
**Press Note**
*Indian Institute of Materials Management Hosts Seminar on "Public Procurement - A Paradigm Shift: Policy Initiatives, GeM, Govt. and PSU Procurement"*
New Delhi, June 29, 2024: Today, the Indian Institute of Materials Management (IIMM) Delhi branch In Associate with Stv National, organized a seminar at Le Meridian Hotel, New Delhi, focusing on pivotal shifts in public procurement policies, with an emphasis on Government e-Marketplace (GeM) and procurement by Public Sector Undertakings (PSUs). The seminar, titled "Public Pro - A Paradigm Shift: Policy Initiatives, GeM, Govt. and PSU Procurement," brought together esteemed experts, government officials, and public procurement professionals to discuss contemporary challenges and of innovative solutions in the realm of public procurement. The seminar was attended by about 200 deligates.
IIMM led by Mr. H.K. Sharma, Immediate Past President of IIMM, and organized the seminar on this relevant issue with the dedicated support of Mr. Sanjay Shukla, Chairman of IIMM Delhi, along with Mr. Sanjeev Kr Bhatia, Co-Chairman of the seminar and Senior Vice President from Indraprastha Gas Limited (IGL), Shri Himanshu Vashishtha from SPMCIL , New Delhi and other EC members including Shri Narendra Kumar, Shri Umesh Mittal , Shri Rahul Bhatia .
The distinguished Chief Guest, Lt. Gen. B S Sandhu, AVSM, VSM (Retd), Ministry of Defence, delivered the inaugural address, highlighting the strategic importance of efficient procurement practices in enhancing national security and economic vitality. The Guest of Honour, Sh. S J Ahmad, Executive Director of Steel Authority of India Limited (SAIL), emphasized the role of PSUs in driving economic growth through robust procurement strategies.
Eminent speakers included Mr. Sanjay Agrawal, Advisor from the Procurement Policy Division, Ministry of Finance, who discussed the latest policy initiatives of government including Quality and Cost Based Selection (QCBS) in project procurement and selection of consultants alongside incentives for domestic manufacturing and SME participation. Mr. Shailendra Singh, Chief Technical Examiner from the Central Vigilance Commission, addressed vigilance issues crucial to modern public procurement practices, underscoring transparency and integrity.
Further insights were provided by Mr. K K Sharma, Former Director General of the Competition Commission of India, who explored competition law implications in public procurement, ensuring fair market practices and promoting healthy competition. Mr. Rajesh Meena, Director of Government e-Marketplace (GeM), elaborated on recent technological integrations and incident management policy aimed at enhancing efficiency and accountability in procurement processes.
Mr. Rohit Madan, Executive Director (Head - MIND) of Oil & Natural Gas Corporation Ltd. (ONGC), and Mr. B C Sharma, Chief General Manager (Materials Management) from the same organization, shared perspectives on the procurement challenges and strategies from the perspective of a major PSU.
Lastly, Mr. Prakhar Deep, Principal Associate at Shardul Amarchand Mangaldas, provided insights into dispute resolution mechanisms in contract procurement, focusing on issues such as liquidated damages and other contractual liabilities.
The seminar concluded with a vibrant panel discussion and interactive sessions, where participants exchanged ideas on optimizing procurement frameworks to align with national developmental goals and industry best practices.
For further information and detailed insights from the seminar, please contact the Indian Institute of Materials Management at [email protected] or visit
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