Supplier Enablement

Supplier Enablement - India expects 5% savings with eProcurement

I see reported today that the Indian government plans to save 5% with the introduction of eProcurement. Click here for source.

Now India is a hot economy with a fast growing services industry that is a popular outsource destination for many of the world's largest companies.

Government spending as a proportion of India's GDP has been growing fast in the last three years with the boom in the economy.

Late in February 2007 it was announced India unveiled large increases in proposed spending on education, health and rural infrastructure, signalling the government’s determination to widen access to essential public services and improve living conditions for more than 600m villagers. This will be funded by surging tax revenues generated by an economy set to expand by 9.2 per cent in 2007.

In April 2007 Pat McFadden the eGov minister visited for a four day trip to meet Indian government ministers and IT companies to discuss investment opportunities and online services. Purpose: "This visit is very much about sharing the experience in both the UK and India of how technology can be used to improve service delivery and make life easier for citizens," McFadden said. "Both the UK and India have significant expertise in IT and I'm sure a deeper dialogue on these issues can benefit both countries."

The UK government has a major stake in delivering savings through eProcurement with the Zanzibar Marketplace. Click here for more information.

eProcurement -it is global and for a government is needed to deliver savings that will meet the cost of spending on essential public services.

Labels: eprocurement, government, India, Zanzibar Marketplace

posted by FrankB @ Monday, April 23, 2007