Government e-Market portal touches an annual procurement of INR 1 Lakh crore in current Financial year
- The number of orders surpasses 31.5 Lakh in the current financial year with a growth rate of 22%.
- In a short span of 5 years, GeM became one of the largest government e-procurement platforms in the world.
Government e Marketplace (GeM)
- GeM is aimed at enhancing the efficiency, speed and transparency in public procurement of goods and services. It also serves the objective of eliminating corruption.
- It is administered by the Ministry of Commerce and Industries under the Directorate General of Supplies and Disposals (DGS&D).
- It is a completely paperless, cashless and system-driven e-marketplace that enables the procurement of common use goods and services with a minimal human interface.
- It is an online marketplace for government officers and others for procurement.
- New features and initiatives launched in GeM Covid 19 Oxygen drive were carried out during the Covid crisis to onboard suppliers of compressed medical oxygen gas cylinders on GeM.
- Total 250 Covid-19 medical categories are available on GeM; over 4.73 Lakh orders were placed through the same since March 2020.
- FY 2021-22 witnessed a growth of 160%.
- Portal had transformed public procurement in India by driving its 3 pillars:
- Usability and Transparency,
- Efficiency and cost saving.
- The number of orders has also surpassed 31.5 Lakh in the current financial year with a growth at the rate of 22%.
- The share of Central Public Sector Enterprises (CPSEs) showing an approximate growth of 508% as compared to last FY.
- 57% of the total business on GeM has come through the MSME units and over 6% has been contributed by female entrepreneurs.
- The number of women sellers and entrepreneurs on GeM has grown 6 times in a year.
Other engagements of GeM portal
- It is integrating with Panchayati Raj Institutions to allow online buying and selling by the Panchayats at the grassroot level.
- Gem is in an advanced stage of integration with IndiaPost for extending logistics services at the grassroot level.
- It supports advanced analytics framework to identify anomalous behavior and transactions, market intelligence, demand/price forecasting and procurement planning/monitoring.
- GeM now has integration with 24 CPSEs ERP systems for post order information exchange. In total over 3 Lakh orders worth Rs. 42,000 Crore were exchanged via the integration.
- GeM has Implemented Natural Language Processing based search to understand the users’ intent thereby allowing the display of relevant and more accurate search results when they search for products or services on GeM.
- GeM has enabled the Buyback mechanism through which the buyer will be able to float a bid to replace old products with new ones and get some additional discount/buyback on the old products.
- GeM has enabled schedule wise evaluation for BoQ bids, Buyers can now publish and evaluate item-wise, group-wise, consignee-wise for the BoQ Bids.
- GeM has implemented various improvements like efficient caching, optimizing active storages, improving technology currency across the layers of programming languages to databases and implemented enhanced security measures.
- It is an initiative to facilitate small sellers to avail credit financing from various integrated Lenders for the Orders received on GeM Portal.
- The Forward auction module has been launched facilitating government Auctioneers to auction assets using multiple auction modes and monitor the complete selling life cycle of their assets.
- GeM emerged as the winner in the "Best Use of Digital Technology" category at the CIPS Excellence in Procurement Awards 2021 held at London.
- GeM emerged the winner in this category after competing with some of the biggest and best names in procurement across the public and private sector globally, including GEP, Jaguar Land Rover, Royal Dutch Shell, VenDigital and Shell.