Gem

Srinivas gets additional charge as CEO of public procurement portal GeM

The government has given L Satya Srinivas, Additional Secretary in Department of Commerce, the additional charge of CEO of public procurement portal GeM. The additional charge was given as the last CEO of the Government e Marketplace (GeM) P K Singh has been appointed as secretary in the renewable energy ministry. Srinivas is an officer of the 1991 batch of the Indian Revenue Service (Customs & Indirect Taxes). "We are honoured to announce the appointment of Shri L Satya Srinivas, Additional Secretary, Department of Commerce, Government of India, as the Chief Executive Officer (CEO) of Government e Marketplace on additional charge," GeM said in a post on social media platform X. The GeM portal was launched on August 9, 2016, for online purchases of goods and services by all central government ministries and departments.

Govt's 100-day agenda: Work contracts likely to be offered on GeM

GeM is in the process of finalising a proposal and sending it to the commerce and industry ministry that will thereafter seek the union Cabinet's approval

Govt eMarketplace doubles its order value to Rs 4 trillion in FY24

MSE sellers accounted for nearly 50% of the total order values on GeM, while the Ministry of Defence emerged as the top buyer in the financial year 2023-24

'Procurement from govt's GeM portal likely to reach Rs 4 trn this fiscal'

The procurement of goods and services from the government portal GeM will cross Rs 4 lakh crore by the end of this fiscal due to higher buying activities by various ministries and departments, a senior government official said on Monday. The government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. "As of today, the procurement has crossed Rs 3 lakh crore and going by the trend, the procurement this fiscal will reach Rs 4 lakh crore," GeM CEO P K Singh told reporters here. In 2021-22, the procurement value stood at Rs 1.06 lakh crore. It crossed Rs 2 lakh crore last year. Singh said that the share of Central Public Sector Enterprises (CPSEs) such as Coal India in the total buying of goods and services is increasing at a healthy rate. More than 245 CPSEs, including Coal India, SAIL, NTPC and SBI, are participating in the process. GeM has over 63,000 government buyer organisa

Vivad se Vishwas: Govt settles over 43k MSME claims; refunds Rs 700 cr

The government has settled 43,904 refund claims worth Rs 700 crore of MSMEs under the dispute resolution scheme Vivad se Vishwas-I. Under the scheme, MSMEs could claim a refund of 95 per cent of performance or bid security and liquidated damages forfeited by government departments and public sector entities during the COVID-19 pandemic. The scheme, announced in the 2023-24 Budget, opened on April 17, and the last date for submission of claims for relief on the GeM portal was July 31. "A total of 43,904 claims have been settled by the Government of India to the MSMEs under the Vivad se Vishwas scheme. The value is approximately Rs 700 crore right now, that's the amount refunded," Finance Secretary TV Somanathan said. He said about 4,000 refund claims are yet to be decided under the scheme. Somanathan said the scheme has given substantial relief to a number of MSMEs. The relief provided under this scheme was in continuation of the efforts of the government in promoting and sustaini

Demerged CPSEs may use a parent's name in public procurement for 5 yrs

The move intends to enhance the eligibility of demerged entities in public procurement, as many faced difficulties qualifying for such contracts after the demerger

Procurement from GeM portal crosses Rs 2 trillion so far this fiscal

The procurement of goods and services from the government portal GeM has crossed Rs 2 lakh crore so far this fiscal due to higher buying activities by different ministries and departments. The government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. "Gem of a landmark! Government e-Marketplace achieves an impressive Rs 2 lakh crore gross merchandise value in just eight months of 2023-24," Commerce and Industry Minister Piyush Goyal said on social media platform X. In 2021-22, the procurement value stood at Rs 1.06 lakh crore. It crossed Rs 2 lakh crore last year, and going by the trend this year, it may cross Rs 3 lakh crore. GeM has over 63,000 government buyer organisations and over 62 lakh sellers and service providers, offering a wide range of products and services. Currently, government departments, ministries, public sector units, state governments, and central armed

Public procurement of services from GeM portal may touch Rs 1.5 trn in FY23

Procurement of services from government portal GeM is expected to touch Rs 1.5 lakh crore this fiscal on account of an increase in buying activities by different ministries and departments, a senior official said on Wednesday. The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. "Services procurement was just Rs 3,069 crore in 2019-20. It reached Rs 65,957 crore in 2022-23. This fiscal it is expected to reach Rs 1.50 lakh crore," GeM CEO P K Singh told reporters here. He said that the top buyers of services included Central Public Sector Enterprises (CPSEs) like Coal India, NTPC Ltd and ONGC, and states and central ministries such as coal, power, defence and finance. GeM has over 63,000 government buyer organisations and over 62 lakh sellers and service providers offering a wide range of products and services. Currently, government departments, ministries, public se

GeM tightens vendor validation, partners with TCS for tech overhaul

GeM's rigorous validation process includes a two-step contactless procedure involving online forms for document submission and mobile-application-based video assessments

Ministry of defence leads as top procurer on government e-marketplace

Procurement through GeM exceeds over Rs. 18,790 crore in FY 2023-24

GeM's provision of penal interest on delayed payments to start from Sept

A provision to enable public procurement portal GeM to impose penal interest for making delayed payments to vendors by government ministries and departments will be fully operational from end of this month, a senior official said on Tuesday. In 2020, the government decided to levy a 1 per cent penalty on government departments and agencies for delayed payments to vendors selling goods on the GeM platform. "The functionalities have been developed... In about three weeks time, it will be fully functional," Government e-marketplace (GeM) CEO P K Singh told reporters here. He said that for non-Public Financial Management System (PFMS) payments, the portal is calculating the interest but for PFMS things, work is in the final stages. The PFMS, administered by the Department of Expenditure, is an end-to-end solution for processing payments, tracking, monitoring, accounting, reconciliation and reporting. "wherever there will be a clear violation, penal interest will be collected...but we

GeM plans instant financing for all sellers: CEO Prashant Kumar Singh

GeM was integrated with SAHAY to launch the GeM-SAHAY app over two years ago, to address the credit availability challenges faced by sole proprietors on GeM

Procurement by CPSEs via GeM grew by 74% to Rs 42,510 crore in Apr-Jul

CPSEs account for around 53% of overall transactions on GeM

GeM enabled govt to save over Rs 45,000 cr since 2016: Commerce ministry

Procurement through the GeM portal have enabled the government to save over Rs 45,000 crore since its launch in 2016, the commerce ministry said on Wednesday. Government e-Marketplace (GeM) is India's online marketplace for public procurement. Launched in 2016, GeM facilitates transparent and efficient procurement for government departments, organisations and PSUs. "A hallmark of GeM's success lies in its dedication to cost savings, having enabled the government to save over Rs 45,000 crore since 2016," it said in a statement. It also said that the portal has surpassed the achievements of renowned public procurement platforms such as South Korea's KONEPS and Singapore's GeBIZ. Central buyers, including CPSEs and allied bodies, have floated over 70 bids worth over Rs 100 crore on the portal in 2022-23. With nearly 6.5 million sellers and 70,000 government buyers registered on the platform as of July 2023, the cumulative GMV (Gross Merchandise Value) surpassed Rs 4.5 lakh crore, ..

TCS bags contract to redesign, build new version of govt's GeM portal

IT major Tata Consultancy Services on Tuesday said it has bagged a contract from the government to redesign and build a new version of public procurement platform Government e-Marketplace (GeM). The GeM platform provides an end-to-end online marketplace for the central and state government bodies, including public sector undertakings, for procurement of common-use goods and services in a transparent and efficient manner. GeM CEO P K Singh said in its next avatar, GeM is envisioned to be an all-inclusive platform for government procurement, offering improved ease of doing business and transparency. "With TCS as our system integration partner, we are assured of architecting the new GeM with unmatched experience, rigour, and passion to develop a world-class solution," Singh said. The Gross Merchandise Value (GMV) of GeM is over Rs 2 lakh crore purchased by 70,000 buyer organisations from more than 65 lakh sellers and service providers, including over 8 lakh medium and small enterprise

TCS to revamp Government e-Marketplace, enhance efficiency, transparency

GeM acts as an end-to-end online marketplace for central, state govt bodies, including PSUs

Transactions on GeM portal cross Rs 50,000 crore in first quarter

Provision of penal interest on delayed payments to start from July

GeM's provision of penal interest on delayed payments to start from July

A functionality enabling public procurement portal GeM to impose penal interest for making delayed payments to vendors by government ministries and departments will be operational in July, a senior official said on Tuesday. In 2020, the government decided to levy a 1 per cent penalty on government departments and agencies for delayed payments to vendors selling goods on the GeM platform. The provision would be effective from July, a senior official said on Tuesday. Government e-Market (GeM) CEO P K Singh said that there are issues pertaining to getting timely payments from buyers, particularly state governments. In case of the central government, the payments by enlarge happen in 10-15 days, he said, adding there are problems in case of state governments. "We are working on that and let me tell you that by the end of July, this functionality for imposing the penal interest will be up and running...Interests will be charged from October," Singh said here at CII MSME Growth Summit.

Army adjudged best organisation in defence ministry for procurement on GeM

The Indian Army has been adjudged as the best organisation in the Ministry of Defence (MoD) for procurement on Government e-Marketplace (GeM) for the financial year 2022-23, officials said on Monday. Vice Chief of Army Staff Lieutenant General M V Suchindra Kumar received the prestigious award on behalf of the Army on Monday. Approximately 16,000 buyers (in the context of the Army) are registered on GeM, the officials said, adding that on an average, 60,000-80,000 transactions take place every month. The maximum of up to two lakh transactions took place in March in 2022-23, they said. The Army took to Twitter to share the information. "#IndianArmy has been adjudged as best organisation in the Ministry of Defence #MoD for procurement on Government e-Marketplace #GeM for the financial year 2022-23. Lt Gen MV Suchindra Kumar #VCOAS received the prestigious award on behalf of the #IndianArmy today at #NewDelhi. #IndianArmy remains committed towards achieving transparency, efficiency an

Public procurement from GeM portal may cross Rs 50,000 cr during April-June

Procurement of goods and services from government portal GeM is likely to cross Rs 50,000 crore during April-June this fiscal due to higher buying activities by different ministries and departments, a senior official said on Thursday. The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. "We have already done Rs 43,000 crore in the last 76 days and it would cross Rs 50,000 crore in the first quarter," GeM CEO PK Singh said. In 2022-23, procurement of goods and services from the portal crossed Rs 2 lakh crore. In 2021-22, it was Rs 1.06 lakh crore. The top states that are buying from the portal include Gujarat, Uttar Pradesh, Maharashtra and Madhya Pradesh. GeM has over 63,000 government buyer organisations and over 62 lakh sellers and service providers offering a wide range of products and services. Currently, government departments, ministries, public sector units,