Govt’s version of Amazon helps it save $1 bn

The Indian govt’s move to shift a part of its $400 billion public procurement to an online market platform has already saved the administration about $1 billion so far at a time when it’s trying to rein in its fiscal deficit, according to officials. The 4-year-old Government e-Marketplace (GeM), often referred to as the govt’s Amazon.com helps ministries connect with sellers.

from Times of India https://ift.tt/35O3Cyy