Himali Atoliyaadded a note a month ago
GeM Portal: Digitizing Procurement for the Public Sector
The Government e-Marketplace (GeM) Portal is a revolutionary digital platform that streamlines procurement processes for government departments, public sector undertakings (PSUs), and other agencies in India. Launched in 2016 by the Ministry of Commerce and Industry, GeM aims to enhance transparency, efficiency, and cost-effectiveness in public procurement. By leveraging cutting-edge technology, the portal eliminates middlemen, reduces corruption, and ensures a seamless buying experience for government buyers and verified sellers.
GeM enables real-time price discovery, market comparison, and direct purchase or bidding options, allowing government entities to procure goods and services at competitive rates. The platform offers a wide range of products, from office supplies and medical equipment to IT services and construction materials. With features like e-bidding, reverse auctions, and demand aggregation, GeM ensures fair competition and maximizes value for taxpayer money.
For sellers, especially small businesses, startups, and women entrepreneurs, GeM provides a lucrative opportunity to access a vast government market without bureaucratic hurdles. The portal’s integration with Aadhaar, PAN, Udyam Registration, and other government databases simplifies the registration and compliance process. Digital payment mechanisms further enhance transaction security and speed.
The GeM Portal plays a crucial role in India’s Digital India and Make in India initiatives by fostering a technology-driven procurement ecosystem. Its AI-powered analytics help policymakers track spending patterns, curb fraud, and optimize procurement strategies. As a result, GeM is transforming public procurement into a more accountable, transparent, and efficient system, ultimately benefiting both the government and businesses while promoting economic growth. For more information, click the link below: