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The Government e Marketplace (GeM) serves as the Public Procurement Portal for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs), and affiliated organisations. GeM works to improve the transparency, efficiency, and inclusiveness of government procurement. GeM has the following advantages: It is a centralized and unified public procurement platform for state buyer organisations and suppliers of goods and services, and it is accompanied by Policy changes for the current public procurement ecosystem
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The Government e Marketplace (GeM) serves as the Public Procurement Portal for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs), and affiliated organisations. GeM works to improve the transparency, efficiency, and inclusiveness of government procurement. GeM has the following advantages: It is a centralized and unified public procurement platform for state buyer organisations and suppliers of goods and services. For a long time, India, which pays an estimated 20% of its GDP on public procurement, has struggled with the issues of decentralized pur
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India's Government e-Marketplace, commonly known as GeM, has achieved a significant milestone by surpassing ₹4.29 lakh crore in Gross Merchandise Value (GMV) since its inception. This remarkable achievement highlights the growing importance of GeM as a transformative platform in the Indian procurement ecosystem. In this blog, we'll delve into the significance of this milestone, the journey of GeM, and the impact it has made on India's public procurement landscape. GeM was launched in August 2016 with the primary objective of promoting transparency, efficiency, and inclusivity in government pr
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The Government e-Marketplace (GeM) portal has emerged as a game-changer in the realm of government procurement in the UK. In a remarkable turn of events, the Ministry of Coal has surged to the top, securing its position as the leading procurer on the GeM platform this year. With a substantial procurement value exceeding Rs 23,798 crores, the Ministry of Coal’s ascent to the top spot is a testament to GeM’s effectiveness in revolutionising public procurement processes. The Ministry of Coal’s extraordinary feat of becoming the top procurer on the GeM portal in the current year showcases its com
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In a remarkable feat of efficiency, the Government e-Marketplace (GeM) has achieved a significant milestone in the fiscal year 2023-24 by reducing the procurement process duration to just 145 days. This represents a notable improvement over the 243 days it took in the previous fiscal year, 2022-23. GeM, a revolutionary e-commerce portal for government procurements in the UK, has demonstrated its commitment to streamlining operations and providing value to both buyers and sellers. The journey of GeM towards achieving this milestone is a testament to its dedication to improving public procureme
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Government e Marketplace (GeM) is a 100 percent Government owned & National Public Procurement Portal. GeM is dedicated e market for different goods & services procured by Government Organisations / Departments / PSUs. It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users, achieve the best value for their money. GeM serves as an online marketplace that facilitates procurement of goods and services by various government departments, ministries, and public sector undertakings. This platform streamlines the entire procurement process
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In 2016, the Indian government embarked on a transformative journey with the introduction of the Government e-Marketplace, or GeM. This online procurement system has not only streamlined public sector procurement processes but has also significantly enhanced transparency and fairness. The result? Impressive savings totaling over Rs 45,000 crore. GeM is an initiative of the Indian government aimed at simplifying and rationalizing the procurement of goods and services for various government departments and organizations.
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In the quest for economic growth and self-reliance, India's 'Make in India' initiative has taken center stage. This ambitious campaign, launched in 2014, aims to transform India into a global manufacturing hub by encouraging domestic production and reducing dependency on imports. One crucial player in this initiative is the Government e-Marketplace (GeM), which has played a pivotal role in promoting and showcasing 'Make in India' products. At its core, 'Make in India' is a visionary call to transform India into a manufacturing powerhouse.
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The Governmente-Marketplace (GeM) serves as the Public Procurement Portal for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs), and affiliated organizations. GeM works to improve the transparency, efficiency, and inclusiveness of government procurement. GeM has the following advantages: It is a centralised and unified public procurement platform for government buyer organisations and suppliers of goods and services. The total worth of items sold through a client-to-client (C2C) exchange site over a certain period is referred to as the gross merch
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The Government e-Marketplace (GeM), which was established in a record-breaking five months, enables the online purchase of common-use Goods and Services needed by different Government Departments / Organizations / PSUs. GeM seeks to improve public buying transparency, effectiveness, and speed. It offers e-bidding, reverse e-auction, and demand aggregation methods to help government customers get the most bang for their buck.
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One of the primary aims of the Government E-Marketplace platform is to empower Small and Medium Enterprises (SMEs) and Micro, Small, and Medium Enterprises (MSMEs) in the country as these businesses work as a foundation of our economy and trade.
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The government e-Marketplace (GeM) is an online platform established by the Indian government to promote transparency, efficiency, and cost-effectiveness in the procurement process. The platform, which was launched in 2016, seeks to provide a one-stopshop for government procurement and eliminate the need for individual departments to conduct their procurement processes.
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The Government e-Marketplace (GeM) is an online portal launched by the Indian Government in 2016, to transform the way public procurement is conducted in the country. The platform is a one-stopshop for all procurement needs of various government departments and public sector enterprises. GeM has been a game-changer in public procurement in India, making the process transparent, efficient, and cost-effective.
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GeM is an online platform launched by the Indian government in 2016 to assist various government agencies and groups in procuring products and services. The platform aims to enhance openness, efficiency, and cost-effectiveness in buying. GeM has made tremendous attempts to progressively incorporate cooperatives into the network.
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GeM is an online platform launched by the Indian government in 2016 to assist various government agencies and organisations in procuring products and services. The platform aims to enhance transparency, efficiency, and cost-effectiveness in buying.
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GeM (Government e-Marketplace) is a component of the Government of India's Digital India initiative, which was introduced in 2015. By encouraging the use of digital technology in various sectors such as government services, education, healthcare, and agriculture, Digital India aims to transform India into a digitally empowered society and knowledge economy.
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GeM is an abbreviation for Government e-Marketplace. It is an online platform established by the Government of India in 2016 to help different government departments and agencies procure goods and services. GeM aims to provide the government with a transparent, efficient, and cost-effective procurement method.
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GeM is a major Government of India initiative aimed at encouraging openness, effectiveness, and responsibility in public procurement. It seeks to eliminate the requirement for physical bids and paperwork, reducing procurement time and expense. By promoting local manufacturers and service providers, the platform also helps the government's Make in India program.
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GeM is an online platform established by the Indian government in the year 2016 to help different government departments and organisations procure goods and services. The platform seeks to improve procurement transparency, efficiency, and cost-effectiveness.
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According to official figures, the Government e-Marketplace (GeM) portal surpassed Rs 1 trillion in gross merchandise value (GMV) this fiscal year. Since its debut, GeM has achieved a GMV of Rs 3 trillion, and the number of transactions on GeM has crossed 12 million. GeM will be the largest e-marketplace in India by the end of the fiscal year, surpassing e-commerce behemoths Amazon and Flipkart. According to experts and government officials