Current Affairs

3rd Global Procurement Summit inaugurated in New Delhi

The 3rd 2-day Global Procurement Summit, organized by the All India Management Association (AIMA) along with World Bank and Government of India, was inaugurated in New Delhi.

  • During the inaugural address, Union Minister P. Radhakrishnan said that the government is committed to ensure transparency in public procurement.
  • Over 200 officials with the procurement departments from across the world have attended the summit.

Highlights of the Event

  • The theme of the summit is 'New Frontiers Faced in the Transformation Process of Procurement Today'.
  • It aims to bring in greater cooperation across nations and sectors in sharing knowledge on procurement and skills through a more engaged interaction and peer to peer dialogue.
  • The Summit provides a forum to share the learning and the success stories from different regions, which will also encourage the countries which are at early stages of reform and might be facing the teething problem.
  • It would help to bring together the most senior global and regional procurement community to examine the new frontiers faced in the transformation process of procurement today.
  • It is a way to present successful strategies and benchmark that procurement leaders can use to gain insight into best practices and ultimately improve the operations and performance. 
  • The Summit was attended by over 300 delegates from government offices, corporates, consultants and regulators from India and abroad.
  • The deliberation will be done by the experts in the area of Procurement from international organizations covering countries like USA, European Union, UK, South Asian countries etc.
3rd Global Procurement Summit inaugurated in New Delhi 3rd Global Procurement Summit inaugurated in New Delhi Reviewed by insiya yadav on February 13, 2018 Rating: 5

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