Overview:

Public procurement in India is estimated to be between 20-22% of the annual gross domestic product (GDP) of the country. With the size of the Indian economy at USD 2.5 trillion, this amounts to public procurement of value over USD 6.5 billion annually.

A large portion of this expenditure is utilized for Procurement & Contracts in Infrastructure sector. According to CRISIL’s Infrastructure yearbook 2023, India will spend nearly Rs. 143 lakh crore (USD 1,727.05 billion) on infrastructure in seven fiscals through 2030, more than twice the near Rs. 67 lakh crore (USD 912.81 billion) spent in the previous seven years. India’s gross domestic product is projected to grow at an average 6.7% through fiscal 2031 to be the fastest-expanding large economy. Per capita income is seen rising from ~USD 2,500 now to ~USD 4,500 by fiscal 2031, creating a middle-income country. This growth will be underpinned by massive all-round infrastructure development, with a sharp increase in procurement activities.

Globally, the practice of managing procurement (acquiring goods and services) and contracts is seen as a key strategy for governments to achieve broader goals like economic development, social welfare, and environmental sustainability. In India specifically, not only does procurement and contract management ensure smooth operations within government departments, but it is also actively used as a lever to stimulate and maintain economic growth within the country.

Procurement and Contract management is not just about buying things efficiently, but can be used strategically to achieve broader policy objectives like supporting local businesses, promoting green technologies, or creating jobs. In India, the government leverages procurement to not only run its day-to-day operations but also to actively contribute to economic growth by strategically allocating contracts to sectors with high potential for job creation and development. In procurement, contracts are crucial because they serve as the foundational framework for the entire procurement process, clearly defining the rights and responsibilities of each involved party, the scope of work required, and other key details. This ensures transparency, fairness, and efficiency throughout the procurement process while mitigating potential risks and providing a structured mechanism for resolving any disputes that may arise.

In today’s fast-paced world, where commerce is dynamic and contracts are increasingly complex, expertise in Procurement and Contract Management has never been more essential. The IBC Procurement & Contract National Summit 2025, thoughtfully curated in partnership with industry experts and grounded in the latest trends and research, will equip you and your team with the knowledge and skills to confidently navigate the ever-evolving landscape of Procurement and Contract Management. Whether you’re a seasoned techno-commercial and contract professional looking to elevate your expertise, or a newcomer embarking on your journey in this field, the IBC Procurement & Contract Summit is designed to support every phase of your professional growth.

Learning Objectives

This Two Day Summit is designed to help participants:

• Enhance the skills in the area of Procurement and Contract Management.
• Understand the nuances of associated legal aspects.
• Network with Professionals and Practitioners from the domain across diverse organisations with common
  focus and converging interests.
• Gain from the exchange of constructive ideas and sharing of experience.
• Contribute in an even higher measure to the efficiency and effectiveness of the organisation.
• Understand Downstream Contract Management.
• Legal Aspects of Procurement and Contract Management covering Arbitration.
• The Summit would help Participants to Learn about Drafting Effective Contracts.
  Attendees will gain valuable insights through a variety of Case studies, Group Exercises and Multiple-
  choice questions (MCQs) and Panel Discussions involving Industry Experts.

Who Should Attend

IBCs National Summit is especially meant for Heads of Department, Senior and Middle Level Managers in the following Areas:

• Purchasing
• Project Managers
• Project Engineers
• Central Procurement Departments
• Materials & Contracts Department
• Audit, Finance, & Vigilance Officers
• Legal Department

Mode & Methodology of Summit Training

The program offers in-person sessions, providing direct interaction with Industry experts. It features engaging case study analyses, group exercises, and panel discussions, all incorporating real-life examples from various sectors. Participants will actively take part in role-play exercises designed to enhance problem-solving skills and explore innovative evaluation and dispute resolution mechanisms.