DIPP Clarification regarding Press Note 2 (2018)

Government E-Marketplace (Gem) grosses over Rs. 10,000 crore in GMV through more than 6.16 lakh Transactions; celebrates its second anniversary as part of Digital India revolution 

Government e-Marketplace (GeM),the National Public Procurement Portal, will turn 2 years old on 9 August 2018It was launched on 9thAugust 2016, with the objective of creating an open, transparent and efficient procurement platform for government.

GeM is an end-to-end, one stop online marketplace for Central and State Government Ministries and  Departments, Central & State Public Sector Undertakings (CPSUs & SPSUs), autonomous institutions and local bodies for procurement of common use Goods & Services. Over its short journey, GeM has achieved many significant milestones. For instance GeM has grossed over Rs. 10,000 Crores in Gross Merchandise Value (GMV) through more than 6.16 Lacs transactions on the platform. GeM has made over 4.2 lakh products available on its platform through a network of over 1.3 lakh sellers and service providers. These products and services are being bought by over 25,000 government organisations (Central, State Governments and PSUs) registered on the platform.

Noticeably, more than 40% of transactions by volume are done with MSMEs registered on GeM platform. Buyers from across 36 States & Union Territories (UTs) are buying on the platform. 24 States & UTs have signed a formal MoU with GeM to adopt GeM as the core procurement portal in their respective territories. Average savings of 25% achieved across transactions on the platform.
Also, integration with Aadhaar, UdyogAadhaar, Ministry of Corporate Affairs21 (MCA21), Public Financial Management System (PFMS) , PAN, GSTN, Controller General of Defence Accounts (CGDA) and Securities and Exchange Board of India (SEBI) of empaneled rating agencies has lead to a robust registration process.
On training side, over 40 thousand buyers and sellers has been conducted across 28 States & UTs to enable them to seamlessly operate the platform. MoUs have been signed with 8 banks for payment integration (State GeM Pool Account-SGPA, Electronic Performance Bank Guarantee-ePBG, Electronic Earnest Money Deposit-eEMD) to facilitate a cashless contactless and paperless payments system on the platform.
Further, MoU signed with MSME ministry, Common Service Centers (CSC) and industrial associations (Confederation of Indian Industry-CII, Federation of Indian Chambers of Commerce and Industry-FICCI, PHDChamber of Commerce & Industry, IIA) for facilitating training, capacity building and onboarding of manufactures and vendors across the country. Integration with Quality Council of India ( QCI) for ensuring quality compliances of the products and services offered through GeM.


Leave a Reply


Check Also

Cabinet approves creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) in New Delhi.

National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) gets Cabinet nod

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the creation of National ...

error: Content is protected !!