Ratan Tata is Chairman Emeritus of Tata Sons, Tata Industries, Tata Motors, Tata Steel and Tata Chemical and a B Team Leader. He is the Chairman of the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, two of the largest private-sector-promoted philanthropic trusts in India.
Let’s make open contracting a global reality
The world faces an enormous challenge: to deliver on its promise of sustainable development and a transition to net zero emissions. These dual challenges entail an unprecedented level of innovation and delivery of services and technology from government, often with private sector playing a critical role.
With significant investments – both public and private – going into infrastructure, social services and technology breakthroughs to accelerate environmental sustainability and social development, we must make sure those finances go where they are needed, and deliver the promise of better education, livelihoods health, transport, energy access, water and sanitation for everyone.
This means that it is urgent that all countries clean up their public procurement system by making it open by default.
Openness has multiple benefits at little cost and is well proven. For citizens, it means better infrastructure and services, and more accountability. For governments, it means better delivery with greater efficiency and cost savings. For business, it creates more competitive markets that are easier to enter – especially for small and medium enterprises that drive so much of the world’s economic engine.
Countries, cities and state level governments have shown us the way on this issue – showing that you can clean up public procurement and better realise the promise of sustainable development. Now it’s time to make open contracting a global reality.