FOSMI seeks suggestions from MSMEs on procurements in Railways
Updated: Jan 25, 2016 01:27:25pm
The industry body, in a letter to the MSMEs, said that, “There would be some changes made by the Railways with regard to their procurement system in the future.”
In this context, FOSMI has called for a meeting with the small sector entrepreneurs on January 28.
A memorandum based on the relevant inputs would be prepared and sent to the Railway Minister, Government of India, the FOSMI letter said.
According to the Public Procurement Policy, the Central Government Ministries, Departments and Public Sector Undertakings shall procure minimum of 20 per cent of their annual value of goods or services from Micro and Small Enterprises. (KNN Bureau)