The Government E-Marketplace (GeM) is a transformative initiative to streamline the procurement process for government departments and agencies across India. It provides an efficient, transparent, and user-friendly online platform for the procurement of goods and services.
The key features of GeM are:
E-Bidding and Reverse Auction: Ensures competitive pricing and transparency.
Incident Management: Facilitates quick resolution of issues and disputes.
Payment Integration: Streamlines the payment process between buyers and sellers.
Transparency and Ease of Buying: Simplifies procurement and ensures fair practices.
Rich Product Listing: Offers a wide range of goods/services.
Efficiency: Automation and digitisation improve operational efficiency.
Inclusiveness: Allows all government entities to do business.
Vendor Rating System: Continuous evaluation of sellers enhances trust.
The GeM Marketplace is an online platform launched by the Indian Ministry of Commerce and Industry in 2016. It facilitates transparent and efficient procurement of goods and services by government organisations.
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The govt. e-marketplace or GeM is an online platform that promotes the procurement of goods and services by different government departments and agencies. It enables suppliers to connect directly with government buyers, streamlining the purchasing process.
The GeM portal is accessible to all Central and State Government Ministries/Departments, including their attached/subordinate offices, Central and State Public Sector Units, Central and State autonomous bodies and local bodies for procurement.
The government e-market primarily serves three functions:
Facilitating transactions between buyers and sellers.
Providing information about products, services and pricing.
Fostering community interaction through forums and reviews.
These functions streamline commerce, enhance transparency and build trust among users.
