E auction by the Telangana State Government Mou with MSTC, a central government Unit

HYDERABAD: Sale of scrap, human hair, ores & minerals, forest produce etc will be done through e-auction by the Telangana Government with the support of the MSTC, a central government Unit.

A memorandum of understanding between the state government and the MSTC was signed with the later being appointed as the service provider.

In addition, several other products including agricultural produce, immovable properties including government land parcels, industrial goods etc would be put through the forward e-auction route and e-reverse auction services for purchase of various types of goods, services, plant & machinery.

The MoU was signed by Jayesh Ranjan, Secretary (IT), Government of Telangana and S K Tripathi, Chairman and Managing Director, MSTC.

MSTC is conducting e-auction of de-allocated coal blocks for Government of India which resulted in huge revenues for the exchequer. Similarly, the global e-tender cum e-auction of Red Sander in Andhra Pradesh and e-auction of timber in Kerala are some of the other big projects, a press release claimed.

Through this step, the MSTC would help and ensure bringing more revenue in a fair and transparent manner for the State Government. This will help to avoid cartelization among bidders and result in generation of more funds for development of the state, an official release said.

http://www.thehindubusinessline.com/news/national/mstc-telangana-govt-ink-mou-for-eauction/article7727016.ece