Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution Shri Piyush Goyal called upon Government e-Marketplace (GeM) to expand its scope and include more participants in GeM portal for public procurement of both Products & Services.
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Interacting with the Officers of GeM and the department of Commerce, it should not only evolve as One-Stop shop for the requirement of all Central and State Government Offices as well as their PSUs, but also provide opportunities to MSMEs to showcase their products.
There has been fast growth in scale and impact of GeM. Its order value reached Rs 38620 crore in FY 2020-21.
There are over 52 thousand buyers and over 18.75 lakh sellers registered on the portal, dealing in 16,332 product catalogs and 187 service catalogs.
GeM started as the national procurement portal for “goods” and ”services” exclusively, but in accordance with the vision laid down in the Budget Speech of FY 2020-21, GeM is moving towards becoming a “Unified Procurement System” for goods, services as well as “Works Contracts”.
GeM is an online market place that was launched in 2016. The main objective of GeM is to ensure that public procurement of goods and services in India (done by government bodies) worth more than Rs. 5 lakh crore annually is carried out through the online platform.
