Explain Rs 60,000-crore buy outside GeM, FM Sitharaman tells PSUs

Top PSUs told to frontload capex to lift economic growth

Nirmala Sitharaman

At the meeting, Sitharaman asked the PSUs to frontload their capital expenditure and clear their outstanding dues by October 15

Arup Roychoudhury New Delhi
The top 32 state-owned enterprises have committed to spend nearly Rs 1.53 trillion in capital expenditure for fiscal year 2019-20, Finance Minister Nirmala Sitharaman said on Saturday, after meeting heads of ‘maharatna’ and ‘navratna’ PSUs.

Sitharaman also said the ministry was looking into Rs 91,000 crore worth of purchases done by the government and PSUs outside the government e-marketplace (GeM) for goods and services. Of this, Rs 60,000 crore of purchases have been carried out by PSUs.

“It came as a shock,’’ the minister said, pointing out that Rs 60,000 crore worth of purchases by PSUs were made outside the GeM even

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First Published: Sep 29 2019 | 1:02 AM IST

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