Gujarat govt broadcasts new procurement coverage to encourage MSMEs and girls entrepreneurs

Gujarat authorities on Saturday introduced a brand new Gujarat Procurement Coverage 2024 by means of which it plans to encourage MSME items and girls entrepreneurs to promote extra merchandise to the state.

The coverage, which can come into pressure on April 1, will even encourage procurement from startups and entities operated by Scheduled Castes and Tribes, acknowledged an official launch right here. Startups have been exempted from criterias like minimal prior expertise and turnover.

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Throughout the monetary 12 months 2022-23, the Gujarat authorities made ₹1.47 lakh crore value of purchases beneath the present coverage. 

The brand new coverage mandates BIS product specs for objects that will likely be procured. It additionally promoted procurement of all items and providers by means of the Authorities-e-Market or GeM portal.

For procurement costing ₹200 crore or extra, the federal government will float a worldwide tender inquiry. The federal government revised the 2016 coverage after incorporating solutions from varied organizations, manufacturing items, associations and authorities departments, the discharge added.