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International Construction Law Review

PUBLIC PROCUREMENT IN INDIA: CHALLENGE AND REFORM

SOUGAT SINHA

MCI Arb, Advocate *

I. INTRODUCTION

Public procurement denotes purchase of goods and services using public funds by government entities such as ministries, departments, municipal corporations and other local bodies, statutory corporations and public sector undertakings.1 Public procurement has grown exponentially in India since independence.2
The procurement function of the government is a means to improve the lives of the people of the country.3 It involves expenditure of enormous amounts of public money and significantly affects domestic economics.4 A considerable portion of government budget is spent on awarding procurement contracts which in most countries adds up to 10–15% of the gross national product.5 In India, government expenditure on public procurement amounts (approximately) to 15–20% of the GDP and in absolute terms a mind-boggling 12–15 trillion (â165–205 billion) per annum.6 Public procurement is one of the most vital functions of the government7 and it consumes a large share of taxpayers’ money. Hence it is a legitimate expectation of the public that the moneys be spent for value received and the procurement system is implemented to maintain commerciality, impartiality and competitiveness.


The International Construction Law Review [2013

162

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