Updated By: LatestGKGS Desk
About Government e Marketplace 'GeM': Details, Features, Aim, Purpose, Benefits
About Government e Marketplace 'GeM': Details, Features, Aim, Purpose, Benefits
The Government e Marketplace 'GeM' is an online marketplace to facilitate procurement of goods and services by various Ministries and agencies of the Government.
The GeM platform offers online, end to end solution for procurement of commonly used goods and services for all central government departments and state governments, public sector units and affiliated bodies.
The GeM platform aims to enhance transparency, efficiency and speed in public procurement of goods and services and eliminate corruption.
The Government e-marketplace completed two years in 2018 and on August 26, 2018, it crossed Rs 10,800 crore in terms of value and 6.96 lakh in terms of volume of transactions through the platform.
The GeM platform has more than 1.35 lakh sellers offering 4.43 lakh products and around 26,500 organisations as buyers.
Through GeM platform, mostly all Indian States and Union Territories are buying through with it, 25 States and UTs have already signed a MoU to make procurement through GeM mandatory. It has led to an overall average saving in cost of procurement to the tune of about 25 percent
