Governments worldwide spend up to 20% of their GDP on public procurement. Using this money efficiently is crucial for economic development, minimizing environmental impacts, and maximizing social outcomes. With an estimated GDP of $3.53 trillion, India’s procurement spending or the process to purchase goods and services, is roughly $700 billion  which provides an opportunity to support sustainable development.

Effective sustainable development supports the needs of the present without compromising future generations’ economic, social and environmental needs. Sustainable procurement is thus a process that incorporates development sustainability considerations throughout the purchasing of goods and services to achieve optimal Value for Money (VfM) in delivering positive development outcomes.

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