Government e Marketplace

  Government sets a target of 100% procurement through Government eMarketplace   In a recently held review meeting of Government e-Marketplace (GeM), which is a public procurement portal, Commerce Minister Piyush Goyal highlighted that the government has set an objective of 100 percent procurement of its products and services to be made through government e market portal (GeM) by the closing of the current fiscal year. More than 50 Central Government Ministries and CPSEs were invited to the review meeting to share their feedback on buying from the GeM portal. Mr. Goyal acknowledged and lauded the efforts made by various buyer organizations to increase their procurements through Government e-Marketplace (GeM). Buyers present at the meeting were also briefed about the new features and functionalities updated on GeM and developments planned for the near future. During the meeting, Piyush Goyal emphasized the need for strict vigil to identify anomalies in procurement thro...

Everything you need to know about Tenders on Government e Marketplace   At its most basic level, eTendering  is a step in the process of doing procurement online, with the goal of finding contractors more productive. From the time the demand is advertised to the time the contract is placed, the whole tendering process is conducted online. It systematizes the process of handling tenders through this totally digital framework, permitting for easier, more controlled procurement that allows the procurer to monitor and evaluate bids with simplicity. Because of its rapid execution, openness, effectiveness, and cost benefits, most government and corporate companies favor eTenders. These firms may use e tenders to reach out to suppliers all over the world and find the best answers to their problems. Furthermore, greater competition among providers guarantees that these businesses receive the best possible prices. GeM  is one of the government e-marketplace which operates on s...

GeM continues its exponential growth. 1 million orders were achieved in 207 days with GMV of ₹ 13,972 Crore in FY 20-21. In current FY 22-23, 1 million orders achieved in 121 days, recording a GMV of ₹ 49,638 Crore. GeM keeps growing and making the nation proud! Government e Marketplace (GeM) is a 100 percent Government owned & National Public Procurement Portal . GeM is dedicated e market for different goods & services procured by Government Organisations / Departments / PSUs. It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users, achieve the best value for their money