UPSC Exam   »   Government e Marketplace (GeM)

Government e-Marketplace (GeM) | GeM Portal touches INR 1 Lakh Crore in Procurement

 

Government e-Marketplace (GeM)- Relevance for UPSC Exam

  • GS Paper 2: Important Aspects of E-Governance– e-governance- applications, models, successes, limitations, and potential.

Government e-Marketplace (GeM) | GeM Portal touches INR 1 Lakh Crore in Procurement_40.1

 

Government e-Marketplace (GeM) in News

  • Government e-Marketplace (GeM) has attained an annual procurement of INR 1 Lakh crore within FY 2021-22. This represents a 160% growth compared to last FY.
  • In a short span of 5 years, GeM has become one of the biggest government e-procurement platforms in the world.

Government e-Marketplace (GeM) | GeM Portal touches INR 1 Lakh Crore in Procurement_50.1

 

Performance of GeM

  • Since the inception of GeM, the cumulative Gross Merchandise Value (GMV) reached INR 1 Lakh crore over 4 and half years, on 23rd March 2021.
  • On the other hand, the GMV of GeM in the current Financial Year surpassed Rs. 1 lakh crore (Ts. 1 trillion) in less than a year, representing a 160% growth compared to last FY.
  • The number of orders has also surpassed 31.5 Lakh in the current financial year with growth at the rate of 22%.
  • States continued to be an important stakeholder with approx. 30% contribution to total GMV.
  • 57% of the total business on GeM has come through the MSME units and over 6% has been contributed by female entrepreneurs.
    • It may be noted that the number of women sellers and entrepreneurs on GeM has grown 6 times in a year.
  • There is also a 44% increase in the number of Services compared to last FY with a 25% contribution in the total GMV (Rs. 25,000 Crore).

The Editorial Analysis: A Red Pen Moment for Corporate Governance

गवर्नमेंट ई-मार्केटप्लेस (जीईएम) | GeM पोर्टल अधिप्राप्ति में INR 1 लाख करोड़ रुपए तक पहुंचा 

What is Government e-Marketplace (GeM)?

  • Government e-Marketplace (GeM) is a dynamic, self-sustaining and user-friendly portal for making procurement by Government officers. It is an online platform for public procurement in India.
    • GeM Initiative was launched on August 9, 2016, by the Ministry of Commerce and Industry, GoI.
  • Development of GeM Portal: Directorate General of Supplies and Disposal (DGS&D) with technical support of the National eGovernance Division (Ministry of Electronics and Information Technology) has developed a GeM portal for procurement of both Products & Services.
    • Government e-Market (GeM) is hosted by the Directorate General of Supplies and Disposal.

24th National Conference on e-Governance 2021: Hyderabad Declaration Adopted

 

What is the Objective of Government e-Market (GeM)?

  • Government e-Marketplace (GeM) aims to create an open and transparent procurement platform for government buyers.
  • Government e-Marketplace (GeM) facilitates online procurement of common-use Goods and Services.

 

Government e-Marketplace (GeM) Advantages

For Buyers For Sellers
  • Rich listing of products for individual categories of Goods/Services
  • Search, Compare, Select and Buy facility
  • Buying Goods and Services online, as and when required.
  • Transparent and ease of buying
  • A continuous vendor rating system
  • User-friendly dashboard for Buying and monitoring supplies and payments
  • Easy Return policy
  • Direct access to all Government departments.
  • One-stop shop for marketing with minimal efforts.
  • One-stop shop for bids / reverse auction on products/services.
  • New Product Suggestion facility available to Sellers
  • Dynamic pricing: Price can be changed based on market conditions
  • Seller friendly dashboard for selling and monitoring of supplies and payments
  • Consistent and uniform purchase procedures

 

24th National Conference on e-Governance 2021: Hyderabad Declaration Adopted

24th National Conference on e-Governance 2021: Hyderabad Declaration Adopted

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