New Delhi: In order to create a healthy business environment Government e-Marketplace (GeM) and Competition Commission of India (CCI) entered into a Memorandum of Understanding on 6th February 2019 to enable a fair and competitive environment in the e-Marketplace. Chairman CCI, A.K. Gupta, CEO GeM, S. Radha Chauhan, Members of CCI, U.C. Nahta and Sangeeta Verma were present on the occasion along with officers of CCI and GeM.
Both CCI and GeM appreciate the importance of advanced analytical tools and processes for identification of malpractices like cartelization. In order to pool their knowledge of the public procurement domain for the detection of Anti-competitive practices, the MoU has been signed.
MoU between Government e-Marketplace and Competition Commission of India is an important development towards the rapid growth of startups and e-commerce business in India.
ALSO READ: BEL signs MoU with BPL Medical Technologies for co-operation in the field of medical products
GeM is a state-of-the-art national public procurement platform of Ministry of Commerce and Industries, that has used technology to remove entry barriers for bonafide sellers and has created a vibrant e-marketplace with a wide range of goods and services.
Competition Commission of India is a statutory body of the Government of India, responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition.
(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)