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HomePosts Tagged "procurement"
AgroPolicy, Foodgrains, Supply Chain, Sustainability

The combined Stock position of wheat and rice in the Central Pool stands at over 579 LMT

Wheat procurement during the ongoing Rabi Marketing Season (RMS) 2023-24 has progressed smoothly. The progressive procurement of wheat in the current season till 30 May is 262 Lakh Metric tons (LMT) which has already surpassed last year’s total procurement of 188 LMT by 74 LMT. About 21.27 Lakh farmers have already benefitted from the ongoing wheat procurement operations with a Minimum Support Price (MSP) outflow of about Rs. 47,000 crores. Major contribution in the procurement has come from three procuring states of Punjab, Madhya Pradesh and Haryana with procurement of 121.27 LMT, 70.98 LMT and 63.17 LMT respectively.

The major contributing factors in healthy procurement this year have been the grant of relaxation by the Government of India in quality specifications of wheat affected due to untimely rains; opening of procurement centres at village/ panchayat level; carrying out procurement through Co-operative Societies/ Gram Panchayats/ Arhatias etc. in addition to designated procurement centres for better outreach and permission to engage FPOs for procurement operations.

The rice procurement is also progressing smoothly. A quantity of 385 LMT of rice has been procured till 30 May during the Kharif crop of Kharif Marketing Season (KMS) 2022-23 with another 110 LMT yet to be procured. Further, a quantity of 106 LMT rice has been estimated to be procured during the Rabi crop of KMS 2022-23.

The combined stock position of wheat and rice in the Central Pool is over 579 LMT (Wheat 312 LMT and Rice 267 LMT) which has placed the country in a comfortable position to meet its requirements of food grains.

The combined Stock position of wheat and

AgroPolicy, Foodgrains

Aggregation of demand through GeM to bring down the cost of procurement for the government.

On the directions of Prime Minister, a review meeting of GeM (Government E-Marketplace) was held under the chairmanship of Commerce and Industry Minister Piyush Goyal. Buyers from over 50 Central Govt. Ministries and 50 CPSEs were invited for getting first-hand feedback of the Buyers.

 Goyal lauded the efforts being made by various Buyer organizations in increasing their procurements through GeM and emphasized that Hon’ble Prime Minister has set a target of 75 per cent procurement to be made through GeM by 15th of August and 100 per cent procurement to be made through GeM by the end of the current financial year.

The minister said that there was a need to keep a strict vigil on GeM procurement data and identify any deviant behaviours using Advanced Analytics and AI ML based tools so that immediate and strict action could be taken against any such deviant behaviours.

The Minister emphasized on the need to change in the perception that public procurement is a source of corruption. He said that GeM has brought about a sea change in the way public procurement is perceived by public at large. He expressed the hope that GeM will continue its engagement with all stakeholders and going forward will also focus on ease of doing procurement. He desired that GeM should be benchmarked against best in the class rather than being benchmarked against other Government systems.

 Goyal also expressed the hope that the kind of data being generated in GeM will certainly help government in improving transparency and efficiency in public procurement. The Minister said that aggregation of demand because of procurement happening through a single portal will help in reducing the cost of procurement also for Govt. Buyers. With collective wisdom and collective efforts of all stakeholders, GeM can well become the largest marketplace for public procurement in the world, he added.

Aggregation of demand through GeM to bring

Company News, Supply Chain, Warehousing

Company to add 36 offices across 16 states to achieve exponential business growth

 Sohan Lal Commodity Management Pvt. Ltd., India’s leading Post-Harvest Management Group (SLCM Group) has announced its business expansion plan for the current fiscal year. The company, currently with 4 offices in Delhi, Bihar, and West Bengal, aims to strengthen its presence pan-India with 36 new offices across 16 states. These Offices “Krishi Vikas Kendra’s” will serve as a connecting thread between the digital application of SLCM and its already present physical network of 9244 warehouses across India (as on April 30, 2022).

The new offices will enable SLCM Group’s growth initiative in the agriculture value chain. Functioning as localized nodes, these offices will enable the organization to strengthen its on-ground support and presence. Farmers, traders, and government bodies will consider the offices as a one-stop solution to avail the entire gamut of services including warehousing, procurement, and Agri financing. 

Recently, SLCM Group received the ‘Patent Certificate’ for its application titled “Methods For Real Time Data Management” from the Patent Office, Government of India, which was originally filed on December 16, 2013. As a result, SLCM Group became the only company in India to have a registered technology patent in the Agri Logistics (Warehousing) segment spanning across 75 years post-Independence.

Capitalizing on the testament of the patent, Mr. Sandeep Sabharwal, Group CEO, said, “SLCM Group is looking forward to scale its ‘Digital Initiative’ vertical. The company is currently developing a mobile application that will offer all of its services on a single platform. With the help of artificial intelligence (AI), machine learning (ML), and Agri Reach – SLCM’s proprietary technology solution – farmers and traders of the country will be connected to the entire post-harvest Agri value chain via a single mobile application.”

SLCM’s proprietary centralized real-time process management system ‘Agri Reach’, has allowed the company to scale up its asset under management (AUM) valuation per financial year from INR 1,394.01 Crore in FY17 to INR 5,519.22 Crore (as on March 20, 2022).SLCM Group through its wholly owned subsidiary Kissandhan has disbursed loans worth INR 2,388 Crores as on 31st March, 2022.

Announcing the footprint expansion,  Sabharwal added, “We are currently working on various other technologies that have the capability to enable the efficient integration of physical infrastructure with digitized enterprises, thereby strengthening the foundation of ‘Phygital’ agriculture supply chain.”

Company to add 36 offices across 16