Government e Marketplace

Introduction In today's digital age, government bodies worldwide are embracing technology to streamline operations, enhance transparency, and optimize resource allocation. One such innovative initiative is the Government e-Marketplace (GeM) . GeM is a revolutionary online platform developed by the Indian government, and its primary aim is to transform procurement processes, making them more efficient, transparent, and accessible. In this blog, we will delve into the core objectives and the broader vision of the Government e-Marketplace. Understanding GeM Government e-Marketplace, or GeM, is an online portal that facilitates procurement of goods and services by various government organizations, ministries, and public sector undertakings (PSUs) in India. Launched in August 2016, GeM has rapidly evolved into a dynamic marketplace that has simplified and modernized the procurement landscape in India. The Aims of GeM Efficiency in Procurement: GeM aims to enhance the efficiency of gove...

Introduction In a remarkable achievement, the Government e-Marketplace (GeM ), India's digital platform for public procurement, has crossed the ₹1 lakh crore Gross Merchandise Value (GMV) mark in just 145 days of its operation. This milestone reflects a significant shift towards digitization in the realm of government procurement and underscores the platform's effectiveness in streamlining processes, enhancing transparency, and promoting ease of doing business. The Genesis of GeM The Government e-Marketplace, often referred to as GeM, was launched on August 9, 2016, with the vision of transforming the way government purchases goods and services. Its primary objectives included promoting transparency, efficiency, and cost-effectiveness in public procurement while offering a level playing field to vendors, especially for small and medium-sized enterprises (SMEs). GeM was also designed to reduce corruption, bureaucracy, and manual interventions in the procurement process. The Rapi...

Bharat Coking Coal Limited, a subsidiary of Coal India Ltd. has awarded a bid for Handling and Transport service worth ₹2414 Cr. through GeM. In this FY alone, Coal India & its subsidiaries have done total procurement worth ₹11,550 Cr. through GeM. 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.