Friday, December 9, 2022
News

Over Rs 3 lakh crore worth of public procurement done on GeM

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai (Maharashtra) | September 19, 2022 8:59:25 PM IST
Over Rs 3 lakh crore worth of public procurement has been done on Government e-Marketplace (GeM) so far, the Ministry of Commerce & Industry said on Monday.

Government e-Marketplace (GeM), the National Public Procurement Portal of the country is an end-to-end online Marketplace for the procurement of goods and services. It was launched on August 9, 2016, as part of the vision of Prime Minister Narendra Modi for redefining public procurement.

GeM has been able to bring about radical changes in the way procurement was done by Government buyers and public sector undertakings. GeM is contactless, paperless, and cashless and stands on three pillars: efficiency, transparency, and inclusivity, the ministry said in a statement.

GeM Seller Samvad was held in Mumbai on Monday. A number of Government e-Marketplace vendors shared their experiences in GeM Seller Samvad. This gave an opportunity to the GeM sellers to learn about the new GeM features and functionalities that further makes it conducive for them to operate on the portal.

GeM's Business Facilitator for Maharashtra and Daman and Diu Nikhil Patil informed that the GeM portal is not only limited to Central Government offices. It provides a one-stop online procurement portal for all Government Buyers including Central/State Ministries, Departments, Bodies & PSUs. All states (except Sikkim) have entered into an MoU with GeM, thereby facilitating businesses from all around the country to do business with Government departments located all over India, even in remote corners. Maharashtra state entered into an agreement with GeM in March 2018, informed Nikhil Patil.

In his presentation, Patil highlighted the advantages for SMEs for doing business in the GeM portal. MSEs, especially sole proprietors on GeM can now get a loan at the point of acceptance of an order on the GeM platform. Approximately 2,000 minor and 460+ major functionalities have been introduced on GeM, in the last 24 months for increasing ease of doing business.

The Seller Samvad was also attended by Nishant Deengawal, Director - States and Union Territories (GeM) and Nodal Officer of GeM in Maharashtra. Deputy Director of Press Information Bureau, Mumbai Regional Office, Dheep Joy Mampilly was also present on the occasion.

It is noteworthy that GeM has surpassed the milestone of Rs 1 Lakh Crore of procurement value, in a single fiscal year in FY 21-22. Since its inception, GeM has facilitated over 1 crore transactions valued at over Rs 3.02 lakh crore. This has only been possible with the support of all stakeholders including buyers and sellers across the country. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Inflationary pressure on FMCG products c...
Goa to witness the biggest Pilates Festi...
India's growth to depend on fiscal manag...
Aviation Ministry's consultative committ...
Over 2.15 lakh UDAN flights operated und...
How Bosch and CHEP are saving five Olymp...
More...
 
INDIA WORLD ASIA
Himachal Congress to hold legislative pa...
Parliament can enact a law but power to ...
After Gujarat results, K'taka min claims...
Gujarat 'one-sided', Himachal and Delhi ...
After Gujarat assembly polls, AAP set to...
Woman's body found stuffed inside suitca...
More...    
 
 Top Stories
Dogeliens and Litecoin are top cryp... 
This could be why FTX, Polygon, and... 
Home Minister assures to look into ... 
There is no groupism in Congress: H... 
Pathaan: Deepika Padukone teases fa... 
Taimur, Inaaya wish their "Badi Amm... 
Congress' win in Himachal polls is ... 
3 IAS officers transferred in Uttar...