Government e Marketplace

  Bharat Petroleum Corporation Limited makes massive headway in e-procurement. Bharat Petroleum Corporation Limited has made procurements worth ₹2,319 Crore in FY 2022-2023.  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. 

  GeM is proud to announce that Indian Railways is one of the top buyers of goods and services on GeM. Ministry of Railways has made total procurements worth Rs 6,424.57 Crore in Financial Year 2022-23. 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.

  One of the primary aims of the GovernmentE-Marketplace platform is to empower Small and Medium Enterprises (SMEs) and Micro, Small, and Medium Enterprises (MSMEs) in the country as these businesses work as a foundation of our economy and trade. Here are some ways in which GeM is empowering SMEs and MSMEs Level Playing Field Before the launch of GeM, SMEs and MSMEs faced many challenges in participating in government procurement. The procurement process was difficult and hard to fit in, and there were often irregularities and delays in the process. This made it difficult for small businesses to compete with larger companies. With the launch of GeM, the procurement process has been simplified and made more transparent. This has created a level playing field for SMEs and MSMEs, allowing them to participate in government procurement on an equal footing with larger companies. Ease of Doing Business GeM has made it easier for SMEs and MSMEs to do business with the governme...

  The Government e-Marketplace (GeM) is an online portal launched by the Indian Government in 2016, to transform the way public procurement is conducted in the country. The platform is a one-stopshop for all procurement needs of various government departments and public sector enterprises. GeM has been a game-changer in public procurement in India, making the process transparent, efficient, and cost-effective. Before the introduction of GeM, the public procurement process in India was largely manual, cumbersome, and time-consuming. It involved multiple stages and was prone to delays and corruption. Moreover, the lack of transparency made it difficult to ensure that public funds were being used effectively. With GeM, the procurement process has become much simpler, quicker, and more transparent. The platform has brought about a paradigm shift in the way public procurement is conducted in India. GeM has made it possible for government departments and public sector enterprises to...