Prakash Mirani, Additional CEO of GeM feels the MoU will enhance business opportunities for the industry
The Government e-Marketplace (GeM) and the Electronic Industries Association of India (ELCINA) have entered into a Memorandum of Understanding (MOU) towards fostering a conducive environment for domestic electronic product businesses and opening opportunities in government-associated projects and departmental purchases. This partnership between GeM and ELCINA will create an enabling environment for electronic procurement, benefiting both businesses and the overall economy. The MoU will also serve as a vital medium for bolstering security
and fostering a self-reliant India with focus on cybersecurity, providing Indian departments access to high-quality products manufactured within the country.
The Government e-Marketplace, recognized as the nodal agency for enhancing efficiency, transparency, and speed in public procurement, will closely collaborate with ELCINA to strengthen the electronics ecosystem. With the electronics industry playing a pivotal role in the nation’s growth and development, GeM and ELCINA’s commitment to enhancing efficiency, transparency, and speed in public procurement aligns seamlessly with the goals of the electronics ecosystem as GeM has revolutionized public procurement in India, particularly in the electronics sector.
Prakash Mirani, Additional CEO of GeM feels the MoU will enhance business opportunities for the industry and provide an opportunity to GeM to have regular feedbacks from industry. “This feedback will result in the improvement of category specifications as well as the overall process, leading to inclusivity, ease of doing business, and transparency in public procurement,” said Mirani. He also highlighted various steps being taken to help MSEs, particularly regarding timely payment by buyers to sellers for procurements made through GeM which will be a game changer in the upcoming time and improve the perception about public procurement.
Sanjay Agarwal, President of ELCINA is also optimistic about the collaboration between GeM and ELCINA and a significant impact on the Indian electronic industry. “Among the key benefits that this partnership brings are promotion of self-reliance, access to quality domestic products, revolutionized procurement processes and the fostering of transparency and competition,” says Agarwal.
Businesses are also looking at the partnership between GeM and ELCINA to foster a conducive environment and unlock numerous opportunities for businesses in government-associated projects and departmental purchases. Importantly, the MoU is expected to streamline business processes for domestic electronic product manufacturers, enabling them to leverage opportunities within the government sector. It will enhance access to government procurement processes, promoting transparency, efficiency,
and fair competition.