Tag: procurement

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PureHealth allocates AED 13bln for procurement

The National ICV Program supports the growth and development of the UAE’s national industrial sector and boosting its competitiveness…reports Asian Lite News

PureHealth, the largest integrated healthcare platform in the Middle East, today reinforced its commitment to the National In-Country Value (ICV) Program – one of the key pillars of the national industrial strategy – by announcing a 30% increase in its 10-year commitment to local procurement, taking its total commitment to AED 13 billion by 2032. The announcement took place on the sidelines of the Make it in the Emirates Forum, which was held from 31 May to 1 June at the Abu Dhabi Energy Center.

Last year, PureHealth joined the National ICV Program following a memorandum of understanding (MoU) with the Ministry of Industry and Advanced Technology (MoIAT). During the inaugural Make it in the Emirates Forum in 2022, PureHealth announced it would procure AED 10 billion worth of products from local suppliers, including medicines and medical products. At the second edition of the forum, PureHealth announced a further AED 3 billion for local purchases, bringing the total value of its local procurement commitments to AED 13 billion. The National ICV Program supports the growth and development of the UAE’s national industrial sector and boosting its competitiveness.

His Excellency Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology said: “The National ICV Program, which is among the UAE’s Projects of the 50 and falls under the national industrial strategy, has succeeded in synergizing the ministry and its government and private sector partners in supporting entrepreneurship and innovation across the industrial sector, especially among small and medium-sized enterprises.”

HE Al Suwaidi added: “ICV-certified companies contributed an estimated AED 53 billion to the national economy in 2022. As the initiative continues to empower the industrial sector and boost its performance and sustainability, it redirects higher portions of public and private sector spending into the national economy.”

PureHealth’s announcement contributes to the AED 10 billion of procurement opportunities announced at the second Make it in the Emirates Forum. The additional opportunities build on last year’s AED 110 billion of offtake agreements.

PureHealth will allocate the opportunities across all buckets of its local procurement in Technology and General Services, Medical Consumables and Supplies including diagnostic consumables, gastro and hepatobiliary systems, laboratory storage and packaging, and patient care, and pharmaceuticals.

Farhan Malik, Managing Director and CEO of PureHealth said: “Last year, PureHealth made a commitment to boost its contribution to the In-Country Value Program, which is an important long-term program aimed at building a sustainable and more prosperous future for the UAE. As part of this commitment, we are pleased to announce a 30% increase in our 10-year commitment to procure from local suppliers, raising the total value to AED 13 billion by 2032. ICV is not just a nice-to-have program but a must-have program that brings long-term benefits to participating entities and the government. If you wish to create long-term gains, you need to make long-term commitments.”

Farhan continued: “ICV is critical in healthcare because the sector needs to be resilient and less dependent on external factors. As a national company, PureHealth is committed to playing its part in elevating the healthcare landscape in the UAE whilst actively supporting local healthcare manufacturing capabilities. In line with the vision of our country’s leadership, we aim to make the UAE the healthcare capital of the world by supporting local industries and futureproofing our healthcare systems.”

Farhan added: “We are thankful to MoIAT for creating an ecosystem that facilitates collaboration to build a better economy and sustainable future for all of us. The Make it in the Emirates Forum has once again been an effective initiative that has brought together different sectors, including healthcare, on a common platform to build a sustainable and strong industrial ecosystem. Supporting the local biotech and medtech sectors are key to unlocking the benefits of the Fourth Industrial Revolution.”

Organized by MoIAT, in partnership with the Abu Dhabi Department of Economic Development and ADNOC under the National Strategy for Industry and Advanced Technology, the Make it in the Emirates Forum aims to attract investors to UAE industries and draw manufacturers to set up in the country.

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-Top News Defence

Centre approves procurement of 56 transport aircraft from Airbus Defence

The Cabinet Committee on Security approved the procurement of 56 C-295MW transport aircraft from Airbus Defence for the Indian Air Force…reports Asian Lite News.

The Indian government on Wednesday approved the procurement of 56 transport aircraft from the Airbus Defence and Space S.A of which 16 aircraft will be delivered in flyaway condition from Spain, while the remaining 40 will be manufactured in India.

These 56 C-295MW transport aircraft of Airbus will replace the ageing Avro aircraft of the Indian Air Force.

The Cabinet Committee on Security approved the procurement of 56 C-295MW transport aircraft from Airbus Defence for the Indian Air Force.

The C-295MW aircraft is a transport aircraft of five to 10 tonne capacity with contemporary technology. The aircraft has a rear ramp door for quick reaction and para dropping of troops and cargo.

Sixteen aircraft will be delivered in flyaway condition from Spain within 48 months of signing of the contract, and 40 aircraft will be manufactured in India by the TATA Consortium within 10 years of signing of the contract.

“This is the first project of its kind in which a military aircraft will be manufactured in India by a private company,” the Defence Ministry said in a statement.

All the 56 aircraft will be installed with indigenous Electronic Warfare Suite.

“The project will give a boost to the aerospace ecosystem in India wherein several MSMEs spread over the country will be involved in manufacturing of parts of the aircraft,” the ministry said.

The programme will provide a major boost to the ‘Aatmanirbhar Bharat’ mission of the government as it offers a unique opportunity for the Indian private sector to enter into the technology intensive and highly competitive aviation industry.

The project will augment domestic aviation manufacturing, resulting in reduced import dependence and expected increase in exports.

A large number of detail parts, sub-assemblies and major component assemblies of aero structure are scheduled to be manufactured in India.

The programme will act as a catalyst in employment generation in the aerospace ecosystem of the country and is expected to generate 600 highly skilled jobs directly, over 3,000 indirect jobs and an additional 3,000 medium skill employment opportunities with more than 42.5 lakh man hours of work within the aerospace and defence sector of India.

It will involve development of specialised infrastructure in the form of hangars, buildings, aprons and taxiway.

During the process of manufacturing in India, it is expected that all the suppliers of TATA Consortium who will be involved in special processes will gain and maintain globally recognised National Aerospace and Defence Contractors Accreditation Programme (NADCAP) accreditation.

“Before completion of deliveries, a ‘D’ Level servicing facility (MRO) for C-295MW aircraft is scheduled to be setup in India. It is expected that this facility will act as a regional MRO hub for various variants of C-295 aircraft,” the ministry said.

In addition, the original equipment manufacturer will also discharge its offset obligations through direct purchase of eligible products and services from Indian offset partners, giving further boost to the economy.

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India News

Over 16% increase in paddy procurement over previous season: Govt

About 49.20 lakh farmers have already been benefitted from the ongoing RMS procurement operations with MSP value of Rs 85,603.57 crore…reports Asian Lite News.

A total of 889.62 LMTs (lakh metric tonnes) of paddy (Kharif crop 718.09 LMT and Rabi crop 171.53 LMT) has been purchased in the ongoing season of Kharif 2020-21 against the last year’s 764.39 LMT, an official statement said on Monday.

This purchase, as on September 5, has benefitted about 130.47 lakh farmers from the ongoing KMS procurement operations with MSP value of Rs 1,67,960.77 crore. Paddy procurement has reached at an all-time high level, surpassing previous high of 773.45 LMT in KMS 2019-20, the Consumer Affairs, Food & Public Distribution Ministry statement said.

Marketing Season RMS 2021-22 has concluded in wheat procuring states and up to August 18, a quantity of 433.44 LMT of wheat has been procured — an all-time high as it has exceeded the previous high of 389.93 LMT of RMS 2020-21 — against the last year corresponding purchase of 389.93 LMT.

About 49.20 lakh farmers have already been benefitted from the ongoing RMS procurement operations with MSP value of Rs 85,603.57 crore.

For the cropping year 2020-21, which includes Kharif 2020-21, Rabi 2021 and Summer 2021 seasons, the government, through its nodal agencies, has procured 11,99,713.15 MT of pulses and oilseeds having MSP value of Rs 6,742.51 crore benefitting 7,02,368 farmers in Tamil Nadu, Karnataka, Andhra Pradesh, Madhya Pradesh, Maharashtra, Gujarat, Uttar Pradesh, Telangana, Haryana, Odisha and Rajasthan, as up to September 5.

Fresh crop of Kharif Marketing Season (KMS) 2021-22 season is expected to arrive soon. Based on the proposal received from Karnataka, approval was accorded for procurement of 40,000 MT of pulses under the Price Support Scheme (PSS) during KMS 2021-22. For other states/UTs, approval will also be accorded on receipt of proposals for procurement of pulses, oilseeds, and copra under PSS so that procurement of FAQ grade of these crops can be made at notified MSP for the Kharif Marketing Season 2021-22 directly from the registered farmers if the market rate goes below MSP during the notified harvesting period in the respective states/UTs by the central nodal agencies, through state nominated procuring agencies, as done during previous years.

For the season 2021-22, sanction for procurement of 51000 MT of copra from Tamil Nadu has been given, against which 8.30 MT having MSP value of Rs 0.09 crore has been procured benefitting 36 farmers in Tamil Nadu, up to September 5, the release said.

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