Effective competition can benefit the public treasury: CCI DG

--Public procurement in India constitutes 30% of GDP

BHUBANESWAR: “Effective competition can benefit the public treasury to anything in between 17 per cent and 43 per cent,” said Competition Commission of India (CCI) Director General AK Chauhan while inaugurating the three-day training programme on Procurement and Contracts Management organised by National Productivity Council (NPC) here on Tuesday.

Chauhan said the importance of procurement and contracts management in India especially for public procurement and the foremost objective of CCI is to ensure the protection of rights of consumers. He said that public procurement in India constitutes around 30 per cent of GDP and it was about Rs 7 lakh crore in the financial year 2011-12.

On Odisha perspective, Chauhan revealed that the CCI is investigating into three cases from the State including mining case, dispute of pharmaceutical company and regarding film distribution rights. “As the cases are under investigation and the matter of subjudice, I couldn’t comment on it,” he said, adding, “But in future, we will take more cases to promote and sustain competition in the markets of the State.”

NPC director S Pal welcoming the delegate highlighted the process of designing and monitoring of procurement and contracts management. Keeping in view of the demands of various industries and organisation, he stated that NPC is mulling to establish procurement and contracts management cell in order to facilitate this type of activity in economy.

Among others, NPC’s State head RK Padhy, Prof Sadananda Sahu, about 40 delegates from various Central and State PSU and various Government departments across the country attended the program.