"The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the setting up of the Portal for the procurement of goods and services by the central and state government organisations," it said.
The portal will provide an online marketplace for central and state government ministries, departments, central and state-run enterprises, local bodies and autonomous institutions to procure goods & services.
"The Directorate General of Supplies and Disposal (DGS&D) shall be wound up and cease its functions by October 31, 2017 or March 31, 2018," added the statement.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.