Government e-Marketplace (GeM)

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    In Context 

    • Government e-Marketplace (GeM) was announced as the winner in the “Best Use of Digital Technology” category at the CIPS Excellence in Procurement Awards 2021 (CIPS Awards). 

    CIPS Awards 

    • They are one of the leading recognitions around procurement globally, which is conducted under the aegis of The Chartered Institute of Procurement & Supply (CIPS), London. 
    • CIPS is a global not-for-profit organisation and professional body dedicated to promoting good practices in procurement and supply management, with a community across 150 countries.

    Government e-Marketplace (GeM)

    • It was launched in 2016.
    • It is a 100% Government owned Section 8 Company set up under the aegis of the Department of Commerce, Ministry of Commerce and Industry.
    • It is a one-stop National Public Procurement Portal to facilitate online procurement of common use Goods & Services required by various Central and State Government Departments / Organizations /Public Sector Undertakings ( PSUs).
    • The government has made it mandatory for sellers on the Government e-Marketplace (GeM) portal to clarify the country of origin of their goods when registering new products.
    • Facilities provided by GeM:
    • Listing of products for individual, prescribed categories of Goods/ Services of common use.
    • Estimation, comparison and buying facility on dynamic pricing basis.
    • Buying Goods and Services online, as and when required.
    • Transparent, efficient, easy, secure and cost-saving of buying goods. 
    • Useful for low value buying and also for bulk buying at a competitive price using Reverse Auction/ e-bidding.
    • Continuous vendor rating system.
    • Achievements 
      • GeM has completely replaced a previously fragmented public procurement ecosystem with a unified and easy-to-use e-marketplace helping to leverage competitiveness, accessibility, and economies of scale of a diverse, open and transparent procurement system. 
      • GeM is an example of how digital platforms created with a strategic and clear intent to transform legacy processes can effect lasting change.

    Source: PIB