New Delhi: The Centre has set target of 75% procurement by 15th August and 100% by the end of current financial year for procurement through Government E-Marketplace (GeM), the Ministry of Commerce and Industry said in a press release.
The GeM is an online platform for public procurement in India which was envisaged by Prime Minister Narendra Modi. It was launched on August 9, 2016 by Ministry of Commerce and Industry, with an objective to create an open and transparent procurement platform for government buyers.
A review meeting of GeM was held under the chairmanship of Commerce and Industry Minister Piyush Goyal on July 22, 2022. Buyers from over 50 Central Govt. Ministries and 50 CPSEs were invited for getting first-hand feedback of the Buyers.
Goyal lauded the efforts being made by various Buyer organizations in increasing their procurements through GeM and emphasized that Prime Minister Narendra Modi has set a target of 75% procurement to be made through GeM by 15th of August and 100% procurement to be made through GeM by the end of the current financial year.
During the review meeting, Buyers were briefed about the new features and functionalities deployed on GeM in last one year and also about planned developments in near future.
Queries of the Buyers were discussed and resolved or taken note of for further improvement on the portal. Large number of buyers appreciated efforts being taken by GeM to make procurement process simpler and transparent.
GeM has about 61,440 Government Buyer Organizations and about 47.99 Lakh Sellers & Service Providers with a rich listing of over 41.44 lakh Product Offerings and 1.9 lakh Service offerings.
All states (except Sikkim) have already signed MoUs with GeM.
As many as 239 CPSUs are also registered on GeM and making significant procurement through GeM Portal.
GeM has taken a host of steps to onboard products of Self-Help Groups (SHGs), tribal communities, craftsmen, weavers, and MSMEs with a view to making the platform more inclusive. 57% of the total business on GeM has come through the MSE units and over 6% has been contributed by women entrepreneurs. GeM is also integrating with Panchayati Raj Institutions to allow online buying and selling by the Panchayats at the grassroot level. GeM is also in an advanced stage of integration with IndiaPost for extending logistics services at the grassroot level. GeM SAHAY is another initiative of GeM to facilitate small sellers to avail credit financing from various integrated lenders against the Orders received on GeM. (Press Release)