he Commerce Ministry has launched an e-marketplace for online purchase of goods and services by various central government ministries and departments.
The move is aimed at bringing in more transparency and streamlining the government procurement of goods and services.
The Directorate General of Supplies and Disposals (DGS&D) has developed the portal for the purpose. The department, which is under the Commerce Ministry, carries out the procurement.
Ecommerce is a fast growing industry in the country. According to a study, ecommerce market is likely to grow 10-fold in next five years to reach USD 100 billion on the back of increasing penetration of Internet, smartphones and spread of digital network in rural areas.