Government e Marketplace

  India’s exports of honey increased nearly 4 times in April-September 2022 compared to 2013.  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. 

Steel Authority of India Limited, SAIL has crossed ten crore rupees in Procurement Value on Government-e-Marketplace (GeM). The Ministry of Steel said that SAIL became the first Central Public Sector Enterprise, CPSE to achieve the major milestone of procurement through the GeM since its inception. The Ministry said that SAIL started from an amount of twenty crore seven lakh rupees in the financial year of 2018-19, Which has crossed the total value of ten crore rupees this year.  It said, SAIL was also the largest CPSE procurer on GeM in the previous Financial Year with a value of over forty-six hundred Crore rupees.  Introduction The Government e-marketplace, or  GeM , is a portal managed by the central government of India for the acquisition of products and services by government entities. Public procurement has long been a vital aspect of government operations. The government's goal in implementing GeM was to improve openness and efficiency in procurement contracts. Te...

  The Indian government’s online retail portal Government e-Marketplace (GeM) has crossed the public procurement of goods and services by central government ministries and departments by INR 3 trillion in October FY23, according to media reports. The amount was achieved due to an increase in purchase activity by the ministries.   Goods and services bought by government ministries from MSMEs through the portal reached INR 3.11 trillion, a 116% increase from last year’s 1.44 trillion. Transaction values during October 2019 stood at INR 5,462 crore. From that period, Covid-led tailwinds have led to an increase of government’s purchases from MSMEs by almost 800%, the reports said.  Additionally, in October FY23, MSME sellers on the GeM platform increased by 80% to more than five million sellers, from nearly three million sellers in October 2021. Since October 2019 (when there were 288,000 sellers), the platform has witnessed a 1,714% growth. This increase was mostly due ...

  Manipur's procurement graph on GeM has been on an impressive rise since the beginning. GeM invites sellers & service providers to register on GeM and serve the State better. 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