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PIB Summaries 27 August 2022

CONTENT

  1. Government e-Marketplace

Government e-Marketplace


Focus: GS II- Government policies and Intervention

Why in News?

Government e-Marketplace (GeM), a national procurement portal, is eyeing annual procurement worth ₹2 lakh crore during FY23. 

About Government e-Marketplace (GeM)

Nodal: Ministry of Commerce and Industry

  • The Government e Marketplace (GeM) was launched on August 9, 2016.
  • To create an open and transparent procurement platform for Government buyers.
  • A Special Purpose Vehicle (SPV) by the name of Government e- Marketplace (GeM SPV) was set up as the National Public Procurement Portal
  • It has been developed by Directorate General of Supplies and Disposals (Ministry of Commerce and Industry) with technical support of National e-governance Division (Ministry of Electronic and Information Technology).
  • It is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.
  •  At present, the platform is open for procurement by all government buyers: central and state ministries, departments, public sector enterprises, autonomous institutions, local bodies, etc.
  • As per existing mandate, GeM is not available for use by private sector buyers.
  • Suppliers (sellers) can be from across all segments: government or private.

The following are the objectives of the online platform:

  • Easier availability of various goods and services for the government buyers.
  • Create transparency in public procurement.
  • Cost saving on government expenditure.
  • Achieve and promote cashless transactions.

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September 2022
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