What is GeM

GeM stands for Government e-Market Place. It is the digital eCommerce portal for the procurement and selling of goods and services by the Government of India.

Fig 1: Logo of GeM

Source:https://gem.gov.in

• Government e-Marketplace (GeM) facilitates online procurement of common-use goods & services required by various government departments/organisations / public sector units (PSUs).
• GeM aims to enhance transparency, efficiency and speed in public procurement.
• It provides the tools of e-bidding, reverses e-auction and demand aggregation to facilitate the government users to achieve the best value for their money.

Significance 

GeM is a completely paperless, cashless and system driven e-marketplace that enables procurement of common-use goods and services with minimal human interface.

It aims at:

• Instituting a unified procurement policy to encourage behavioural change and drive reform
• Establishing a lean, dynamic organisation capable of continuous innovation and market-driven decision making
• Building an easy-to-use, fully automated platform to ensure transparency and efficiency in procurement
• Demonstrating commitment to delivering value by ensuring the right quality at the right price
• Creating a sustainable ecosystem covering all stakeholders and driving inclusive development in India

Resources

1. GeM web portal  

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