Updated: Feb 08, 2019 16:45 IST
New Delhi [India], Feb 8 (ANI): To enable a fair and competitive environment in e-marketplace, the Government e-Marketplace (GeM) and the Competition Commission of India (CCI) has entered into a memorandum of understanding (MoU).
The MoU was inked on February 6 by CCI chairman AK Gupta and CEO, GeM, S Radha Chauhan. Members of CCI, UC Nahta and Sangeeta Verma were present on the occasion along with other officers of CCI and GeM.
“Both CCI and GeM appreciate the importance of advanced analytical tools and processes for identification of malpractices like cartelisation. In order to pool their knowledge of the public procurement domain for detection of Anti-competitive practices the MoU has been signed,” said Ministry of Commerce and Industry in a statement on Friday.
GeM is a state-of-the-art national public procurement platform of Ministry of Commerce and Industry that has used technology to remove entry barriers for bona-fide sellers and has created a vibrant e-marketplace with a wide range of goods and services.
Competition Commission of India (CCI) 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. (ANI)