TaxTMI 
TaxTMI 
Government E-Marketplace (Gem) Completes 2 Years Tomorrow; Grosses over 10,000 crore in GMVthrough morethan 6.16 lakh Transactions
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....overnment E-Marketplace (Gem) Completes 2 Years Tomorrow; Grosses over 10,000 crore in GMVthrough morethan 6.16 lakh Transactions <br>News and Press Release<br>Dated:- 8-8-2018<br><BR>Government e-Marketplace (GeM),the National Public Procurement Portal,will turn 2 years old tomorrow.It was launched on 9th August 2016, with the objective of creating an open, transparent and efficient procurement p....
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....latform for government.Over its short journey, GeM has achieved many significant milestones. Some of these are: * GeM has grossed over ₹ 10,000 Crores in Gross Merchandise Value (GMV) through more than 6.16 Lacs transactions on the platform. * GeM has made over 4.2 lakh products available on its platform through a network of over 1.3 lakh sellers and service providers. * These products....
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.... and services are being bought by over 25,000 government organisations (Central, State Governments and PSUs) registered on the platform * More than 40% of transactions by volume are done with MSMEs registered on the platform * Buyers from across 36 States & Union Territories (UTs) are buying on the platform. 24 States & UTs have signed a formal MoU with GeM to adopt GeM as the core procurement....
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.... portal in their respective territories. * Average savings of 25% achieved across transactions on the platform * Integration with Aadhaar, UdyogAadhaar, Ministry of Corporate Affairs21 (MCA21), Public Financial Management System (PFMS) , PAN, GSTN, Controller General of Defence Accounts (CGDA) and Securities and Exchange Board of India (SEBI) empaneled rating agencies for robust registration p....
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....rocess * Training of over 40 thousand buyers and sellers has been conducted across 28 States & UTs to enable them to seamlessly operate the platform * MoUs have been signed with 8 banks for payment integration (State GeM Pool Account-SGPA, Electronic Performance Bank Guarantee-ePBG, Electronic Earnest Money Deposit-eEMD) to facilitate a cashless contactless and paperless payments system on the....
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.... platform. * MoU signed with MSME ministry, Common Service Centers (CSC) and industrial associations (Confederation of Indian Industry-CII, Federation of Indian Chambers of Commerce and Industry-FICCI, PHDChamber of Commerce & Industry, IIA) for facilitating training, capacity building and onboarding of manufactures and vendors across the country. * Integration with Quality Council of India ( ....
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....QCI) for ensuring quality compliances of the products and services offered through GeM The platform supports many best-in-class features and functionalities to encourage and support buyers and sellers. Some of these include: * Robust catalogue management with well-defined data types for standardized seller and buyer experience. * Improved, powerful search engine with advanced filters and func....
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....tionalities for seamless discovery and enabling procurement policy related guidelines. * Multisource, real time price comparison to enable informed decision making through price discovery for buyers. * Multi-cart functionality and market based bunching of products to enable time efficient buying. * Support for multiple languages to enhance openness and usability of the platform. * Advanced....
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.... analytics to improve availability of rich, automated information. * Integration of demand aggregation to enable realization of greater savings for buyers. * Ratings for sellers and buyers based on performance on GeM portal. * Bunching of products to enable buyers to make easy & seamless procurement. * State Government Pool Account (SGPA) is opened and operationalized by Bihar and Uttar Pr....
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....adesh. Chhattisgarh and Himachal Pradesh have notified SGPA and are in the process of opening accounts. * Customized dashboards created and communicated to all senior officers in Government of India (Secretary and Additional Secretary &Financial Advisor/Joint Secretary & Financial Advisor) and State Governments. * Rich BI using advanced analytical tools available to all GeM users. * Bids for....
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.... services now enabled on the platform. * Automation of exemptions provided for Micro, Small & Medium Enterprises (MSME), Startups through integrationwith Udyog Aadhar/Department of Industrial Policy & Promotion. GeM is an end-to-end, one stop online marketplace for Central and State Government Ministries and Departments, Central & State Public Sector Undertakings (CPSUs & SPSUs), autonomous ins....
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....titutions and local bodies for procurement of common use Goods & Services.<BR> News - Press release - PIB....