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The Union Commerce Ministry has launched an e-marketplace portal

The Commerce Ministry has launched an e-marketplace for online purchase of goods and services by various central government ministries and departments.
•    The move is aimed at bringing in more transparency and streamlining the government procurement of goods and services. 
•    The Directorate General of Supplies and Disposals (DGS&D) has developed the portal for the purpose. The department, which is under the Commerce Ministry, carries out the procurement.
•    The DGS&D has asked the departments that for the success of the marketplace, it is necessary to upload the demands of common user goods and services required by government buyers.
•    This would help aggregate demand which will lead to lower prices, better choices and faster procurement. 
•    E-commerce is a fast growing industry in the country. According to a study, e-commerce market is likely to grow 10-fold in next five years to reach USD 100 billion on the back of increasing penetration of Internet, smartphones and spread of digital network in rural areas

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