Home Business Week India’s PowerGrid Endorsed for Alternative Procurement Arrangements by the World Bank

India’s PowerGrid Endorsed for Alternative Procurement Arrangements by the World Bank

India’s PowerGrid transmission utility company is the second implementing agency in the world. This is a breakthrough for countries like India that work hard on strengthening their national institutions and for the World Bank, which is working to be become more flexible and efficient.
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India’s PowerGrid Endorsed for Alternative Procurement Arrangements by the World Bank

India’s PowerGrid transmission utility company became only the second implementing agency in the world to have its procurement system and regulations assessed for use in World Bank-financed projects, under the World Bank’s new Procurement Framework.