- 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.