National News

Aatmanirbhar Bharat: Govt launches a common portal for Oil PSUs

This portal will provide opportunities to new entrepreneurs and existing manufacturers to invest and expand their manufacturing base strengthening 'Aatmanirbhar Bharat'

PSU Watch Bureau

New Delhi: Inspired by the vision of PM Modi for an Aatmanirbhar Bharat, a reliable and scalable portal has been envisaged for all Oil PSUs by Minister of Petroleum & Natural Gas (MoPNG). Based on the theme "Delivering excellence through people," this initiative has been taken under the guidance of Union Minister of Petroleum & Natural Gas Dharmendra Pradhan. The portal aims to highlight the capital goods requirement of Oil & Gas majors besides the items related to Maintenance, Repair, and Overhaul (MRO).

As a Make in India initiative, this web-portal will provide opportunities to new entrepreneurs and existing manufacturers to invest and expand their manufacturing base in India. This portal shall also provide real-time data, along with visual indicators in the form of graphs and charts, to facilitate decision making for the apex management and other stakeholders.

To achieve this objective, a special Taskforce, under the leadership of the Petroleum Secretary has been formed. This Taskforce comprises of the Chairpersons of various Oil & Gas PSUs like Indian Oil, EIL, ONGC, GAIL, BPCL, HPCL and Private Refiners. Engineers India Limited will be leading the development of this portal from concept to commissioning under the guidance of this task force.

The development of the portal is being monitored and reviewed regularly by the Union Minister. During one such review meeting, held in the morning on Wednesday, the Minister said, "The proposed portal should provide information on procurements made from Micro & Small Enterprises or from SC/ST/Women entrepreneurs". He further added "The need to develop the portal on a war footing basis to further the cause of a self-reliant India."

"Our main purpose is to make our contractors dream big and contribute towards an AtmaNirbhar Bharat", said Petroleum Secretary Tarun Kapoor during a separate webinar for contractors of Oil & Gas PSUs held on Wednesday. The Webinar highlighted the features of a dedicated web portal for the vendors.

Under the aegis of the Petroleum Ministry, Oil PSUs are regularly holding digital vendor meetings with the core theme of localisation. More such vendor meets shall be held in the coming months. This Oil PSUs-initiative that goes 'Vocal for Local' will open up a plethora of opportunities for the community of Indian suppliers.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)

Gautam Adani bribery case: Allegations, rebuttals, stock market wipeout & all you want to know

Cannot accept attempts to shift focus away from finance at COP29: India

NLC India, ACC others bag five coal mines in 10th round of auction

Domestic airlines' fleet to touch 1,400 planes in 5 years

Sanjay Kumar (IAS) gets additional charge as Secretary of Higher Education