Government e Marketplace


 

Coal India continues to set new benchmarks! In FY 2022-23, Coal India Limited reached an amazing Gross Merchandise Value (GMV) of ₹4287 Crore, a significant increase from ₹3350 Crore in FY21-22! 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.

Comments

Post a Comment

Popular posts from this blog

GeM's Digital Payment Integration: Advancing Cashless Transactions in Government Deals

  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 diverse range of products and services. All registered suppliers have access to the site, and government purchasers may choose the best value for their money from among the available possibilities. As we all know that we are living in an era of digitalization and technological advancement and this is also evident in the GeM platform . GeM has taken crucial steps in integrating digital payment systems. By using up-to-date technology and eliminating the need for cash-based transactions, it has transformed the government procurement system, making it more accessible, secure, efficient, smooth, and convenient.  The risks and issues involved in cash-based transactions have been eliminated as a result of  GeM's integration of digital payment methods. To protect sensitive ...
Read more

SAIL Crosses Rs 10,000 Cr Procurement Mark on GeM Portal Since Inception

  Located in New Delhi, India, Steel Authority of India Limited is a central public sector organization. It is owned by the Ministry of Steel, Government of India, and will have a 2021–22 fiscal year revenue of INR 1,03,480 billion. Five integrated plants and three special steel plants operated by SAIL, primarily in India's eastern and central regions and close to domestic raw material sources, produce iron and steel.   The steel producer produces and markets a variety of steel goods. The largest steel-producing company in the nation is SAIL, which is part of the Ministry of Steel and has an annual capacity of more than 20 million tonne. GeM is an entirely digital, cashless, system-driven e-marketplace that makes it possible to buy common goods and services with little to no human interaction.   GeM SPV (Special Purpose Vehicle), a wholly owned, nonprofit corporation run by the Ministry of Commerce and Industries of the Government of India, is the owner of the pla...
Read more

Ensuring Efficiency and Cost Savings through Government e-Marketplace

The emergence of technology has transformed many industries, and the government is no exception. Governments from all over the world have recently realized how effective and cost-effective electronic marketplaces (e-marketplaces) can be in streamlining procurement procedures. The Government e-Marketplace (GeM) , a platform that has experienced tremendous growth in India, is one such endeavor. GeM has changed the way traditional procurement is done by using technology to increase transparency, streamline processes, and promote competition. GeM's main goal is to establish a uniform platform for the smooth procurement of goods and services by government agencies and organizations. GeM has removed geographical constraints, cut down on paperwork, and minimized manual intervention by switching from offline to online procurement. Numerous advantages of this digitalization include increased effectiveness and cost savings for both consumers and sellers. The procurement procedure is firs...
Read more