A Look at the Success Stories on Government e-Marketplace

Since its inception in 2016 by the Indian Government, Government e-Marketplace witnessed various milestones and success stories. It has completely transformed the trading and procurement structure in India bringing all the businesses be it small, medium, or large on the same platform, thus creating a healthy, competitive, and equal market atmosphere.

The GeM platform was created by the Indian Government to conduct trade and business free from any type of corruption and by following utmost transparency and efficiency.

The platform provides a wide range of products that are quality checked.

It is a part of India’s Digital India initiative aimed towards making India a digital powerhouse on the global stage and harnessing technology for inclusive growth and good governance.

Various benefits and features make GeM different from other procurement platforms:

·       GeM has simplified the whole procurement procedure and is very user-friendly. It has made the whole process very efficient, smooth, and quick for both sellers and buyers.

·       As it promotes digitalization, It ensures to create a paperless and ensure timely and organized service at every stage.

·       It offers a huge range of features to both sellers and buyers like better market reach, business expansion, transparent and competitive bidding and trade, and timely payment through GeM’s secured payment gateway.

·       It also makes sure to promote the best quality products for its buyers and provides an efficient tracking and monitoring system.

·       It also works on strong rules and regulations and ensures no unfair or biased practice takes place and every participant gets an equal and fair chance of participating in the whole procurement process.

·       It has a strong grievance redressal procedure in place for certain high-value procurements, and it facilitates reverse auctions, where sellers compete to offer the lowest price, benefiting buyers in securing cost-effective deals.

·       GeM evaluates and ranks sellers based on their performance, ensuring quality and reliability in the procurement process and helping the buyer to choose their seller rationally at the same time it helps the sellers to push themselves to perform better to get more orders and profits.

Due to all these mentioned benefits and uncountable features, GeM has created a strong base in the procurement industry and has given out tons of success stories.

It has received recognition and appreciation from various organizations and forums for its smooth, efficient, and effective procurement process

Instead of individual awards for GeM, the platform's achievements and impacts have often been acknowledged as part of broader government initiatives or digital transformation recognition.

It is also promoting the Make In India initiative by promoting goods and services made in India, thus empowering and supporting both Indian buyers and sellers to prioritize Indian goods over foreign products that are more costly.

GeM is a clear sign of Digital growth and technological success in the Indian trading and procurement landscape. It stands as a testament to how technology can drive positive change and help in governance.