GeM
Govt sets 75 pc target by 15th Aug and 100 pc by the end of financial year for procurement through GeM
New Delhi: Prime Minister Narendra Modi has set a target of 75 percent procurement to be made through GeM by August 15 and 100 percent procurement to be made through GeM by the end of the current financial year, Commerce and Industry Minister Piyush Goyal has said.
In a review meeting held for GeM (Government E-Marketplace) the Commerce and Industry Minister lauded the efforts being made by various buyer organizations in increasing their procurements through GeM.
Buyers from over 50 Central government ministries and 50 CPSEs were invited for getting firsthand feedback from the buyers.
Goyal said that there was a need to keep a strict vigil on GeM procurement data and identify any deviant behaviours using Advanced Analytics and AI ML-based tools so that immediate and strict action could be taken against any such deviant behaviours.
The Minister emphasized the need to change the perception that public procurement is a source of corruption.
He said that GeM should be benchmarked against the best in the class rather than being benchmarked against other government systems and hoped that the quality of data being generated in GeM would help the government in improving transparency and efficiency in public procurement.
Aggregation of demand because of procurement happening through a single portal will help in reducing the cost of procurement also for government buyers, he added.
GeM has about 61,440 Government Buyer Organizations and about 47.99 Lakh Sellers & Service Providers with a rich listing of over 41.44 lakh Product Offerings and 1.9 lakh Service offerings, according to the Ministry of Commerce and Industry.
In FY 2021-22, the annual GMV was Rs 1,06,760 crore, a 178 percent rise over Rs 38,280 crore annual GMV logged in FY 2020-21, the data shared by the ministry showed.
All states (except Sikkim) have already signed MoUs with GeM. As many as 239 CPSUs are also registered on GeM and making significant procurement through GeM Portal.
GeM has taken a host of steps to onboard products of Self-Help Groups (SHGs), tribal communities, craftsmen, weavers, and MSMEs with a view to making the platform more inclusive, the ministry said.
As much as 57% of the total business on GeM has come through the MSE units and over 6% has been contributed by women entrepreneurs, it said.
GeM is also integrating with Panchayati Raj Institutions to allow online buying and selling by the Panchayats at the grassroots level.
It is also in an advanced stage of integration with IndiaPost for extending logistics services at the grassroots level.
GeM SAHAY is another initiative of GeM to facilitate small sellers to avail of credit financing from various integrated lenders against the Orders received on GeM.
Government e-Marketplace (GeM) is an online platform for public procurement in India launched on August 9, 2016, by the Ministry of Commerce and Industry, with an objective to create an open and transparent procurement platform for government buyers.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
