GeM transactions to touch USD 100 billion in 3 years

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu,  launched the National Mission on Government eMarketplace (GeM) for increasing awareness and accelerating the use of (GeM).

The National Mission will cover all central government departments, states and public sector undertakings in a mission mode.

It is aimed at creating awareness about GeM, train the buyers and sellers, get them registered in GeM and increase the procurement through GeM.

It also aims to promote inclusiveness by empowering various categories of sellers and service providers such as MSMEs, start-ups, domestic manufacturers, women entrepreneurs, and Self-Help Groups.

It will also Highlight and communicate the value addition via transparency and efficiency in public procurement, including corruption-free governance in sync with the Central Government’s objective of ‘Minimum Government, Maximum Governance’.

The mission also aims to give a boost to cashless, contactless, paperless transactions in line with Digital India objectives.

It is an online marketplace to facilitate procurement of goods and services by various Ministries and agencies of the Government.

The platform offers online, end to end solution for procurement of commonly used goods and services for all central government departments and state governments, public sector units and affiliated bodies.

It aims to enhance transparency, efficiency, and speed in public procurement of goods and services and eliminate corruption.

The e-marketplace completed two years in 2018 and on August 26, 2018, it crossed Rs 10,800 crore in terms of value and 6.96 lakh in terms of volume of transactions through the platform. The platform has more than 1.35 lakh sellers offering 4.43 lakh products and around 26,500 organizations as buyers.

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