GeM PORTAL
The procurement from Government e Marketplace (GeM) crosses Rs. 4 Trillion this fiscal.
ABOUT GeM
It facilitates end to end procurement of goods & services by various central & state government departments, organisations & allied PSUs.
It provides paperless, cashless & contactless ecosystem for government buyers to directly purchase products & services from Pan India sellers & service providers through a unified online infra.
Timely payment settlements is a remarkable feature of GeM which has resolved a major issue of delayed payments.
STATUS OF PUBLIC PROCUREMENT
Government procurement in India comprises nearly 20-25% of GDP. In this context, the importance of efficient public procurement cannot be overstated.
With the vision of:
- Inclusive development,
- Corruption free governance &
- Ease of doing business,
GeM was conceptualised in 2016 as a Special Purpose Vehicle (SPV) under section 8 of the Companies Act under Department of Commerce.
THE GROWTH TRAJECTORY OF GeM
- Gross Merchandise Value (GMV) recorded in the first year: INR 420 Cr
- Gross Merchandise Value (GMV) recorded in the FY 20-21: INR 38000 Cr
- Gross Merchandise Value (GMV) recorded in the FY 21-22: INR 1 lakh Cr
- Gross Merchandise Value (GMV) recorded in the FY 22-23: INR 2 lakh Cr
- Gross Merchandise Value (GMV) recorded in the FY 23-24: INR 3 lakh Cr
GeM PROMOTING EASE OF DOING BUSINESS
- Gem as a Facilitator.
- Transformation through cost reduction & efficiency.
- Inclusive empowerment of sellers.
- Seamless registration process.
- Dynamic goods & services platform.
- Diverse buying modes (Direct purchase, bidding, reverse & forward auction, etc)
- Contract Management.
- Cashless payments & timely transactions.
- Information visibility.
- Trust based rating system
- Demand forecasting
- Establishing price reasonability.
- Training
- Communication & Support
- Responsive contact center
- Dispute resolution features.
- GeM Sahay for providing loans to the sellers.
- Next Gen GeM Platform.
