Government E-market Portal

GeM conducts registration, onboarding drive for Indian sellers at IITF

Government's procurement portal GeM is conducting registration and onboarding drive for participating Indian sellers and service providers at the India International Trade Fair, an official statement said on Monday. The Government e-Marketplace (GeM) is an online platform that facilitates end-to-end procurement of goods and services by various central, state ministries, departments, organisations, public sector undertakings, panchayats, and cooperatives. The online portal was established with a clear objective to eliminate cumbersome and archaic manual public procurement processes that were riddled with inefficiencies and transparency-related issues. GeM is onboarding the Indian sellers and service providers by conducting an extensive registration drive at its pavilion at the India International Trade Fair (IITF), the commerce ministry said. The government's procurement through the portal has crossed Rs 3 lakh crore so far this financial year. Higher buying activities by various .

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

GeM procurement hits Rs 1.24 trn in Q1, set to be world's largest in FY25

With the procurement of goods and services through government's portal GeM crossing Rs 1.24 lakh crore in first quarter of 2024-25, the platform will become world's largest by the end of this fiscal, 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 central government ministries and departments. "GeM has clocked a gross merchandise value of Rs 1,24,761 lakh crore at the end of first quarter, representing a quarter-on-quarter growth of 136 per cent over last year's Rs 52,670 crore," GeM CEO Prashant Kumar Singh told reporters here. He said that going by this pace, it will become the world's largest platform. South Korea's KONEPS is the largest such platform in the world. GeM stands at the second position. It is followed by Singapore's GeBIZ. He added that the procurement by central ministries including CPSEs surpassed Rs 1 lakh crore milestone in this period with ministries of c

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 through govt's GeM portal crosses Rs 4 trn so far this fiscal

The procurement of goods and services through government's portal GeM has crossed Rs 4 lakh crore so far this fiscal due to higher buying activities by various ministries and departments, a senior government official said on Friday. The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all central government ministries and departments. "As of March 28, the procurement has crossed Rs 4 lakh crore. It is historic," GeM CEO P K Singh told reporters here. In 2021-22 the procurement value stood at Rs 1.06 lakh crore and it crossed Rs 2 lakh crore last financial year. He said that procurement of services from the portal has jumped from Rs 66,000 crore in 2022-23 to Rs 2.05 lakh crore so far this fiscal. Similarly, goods worth Rs 1.95 lakh crore have been bought from the platform till March 28 this fiscal. GeM has over 63,000 government buyer organisations and over 62 lakh sellers and service providers offering a wide range of

'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

AAP govt responds to ACB raids over supply of alleged 'sub-standard' drugs

The Delhi government added that this should be investigated by a central agency such as the CBI

MSMEs getting major business from public procurement portal GeM: Singh

Micro and small enterprises are getting major business from public procurement portal GeM and they are expected to sell goods and services worth over USD 20 billion by the end of this fiscal, 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. GeM CEO P K Singh said that the platform provides different support measures to these enterprises to increase their participation in government buying. "Out of the total procurement of goods and services since 2016, 50 per cent are coming from micro and small enterprises," he said, adding in 2016-17, procurement from these firms stood at USD 5 million, which jumped to USD 5 billion in 2020-21 and this fiscal it "will be in excess of USD 20 billion". He said that the portal provides business intelligence and data analytics services and information" to firms that are "correct, relevan

Public procurement from GeM portal crosses Rs 90K crore so far this fiscal

Procurement of goods and services from government portal GeM has crossed Rs 90,000 crore so far this fiscal on account of an increase in 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 has clocked a gross merchandise value (GMV) of Rs 90,905 crore in the current fiscal (till August 13), which is about 1.8x of what we did in the same period last fiscal," 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 and this year, it may cross Rs 3 lakh crore, he said. He added that the CPSEs continue to lead the way with a GMV contribution of about 54 per cent this fiscal. It was followed by central ministries (26 per cent) and states (about 20 per cent). "States are slow but we are trying hard. We are focusing on 20 states

FY24 procurement target through GeM likely to set at Rs 2.5 trillion

Artificial Intelligence will come onboard from FY24

Direct govt purchases play a diminishing role in GeM transactions

Value of transactions has crossed over Rs 2 trillion in 2022-23

Shipping Ministry launches marine logistics portal to smoothen sea trade

The single-window platform aims to bring all trade stakeholders together and reduce logistics cost with real-time mapping and provisioning

Can help Indian govt replicate digital public goods in other EMs: IBM CEO

"A company like ours can help the Indian government in replicating its digital public goods in other emerging economies"

Some state police chiefs ask GeM to allow small arms sale at platform

Police chiefs of some states have asked the commerce ministry's Government e-marketplace (GeM) to permit sale of small arms so that states can procure them at competitive prices from the public procurement platform, an official said. At present, GeM is not authorised to allow sale of small or any type of weapons from its platform. 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. When contacted, a GeM official confirmed that they have received the communications for the same from some state police chiefs. "Following the communications, we have written to the ministry of home affairs seeking their views on the matter," the GeM official added. State police departments, at present, procure weapons depending on their requirement from domestic manufacturers or foreign firms through a tendering process. Currently, government departments, ministries, public sector unit

GeM public procurement crosses Rs 1 trillion in just eight months

Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since inception and the number of transactions on GeM exceeded 12 million

Over 400 cooperatives registered on GeM portal in last 3 months: Govt

More than 400 cooperative societies have registered on the Government e-Marketplace (GeM) portal in last three months, Union Minister B L Verma said on Monday. On June 1, the Union Cabinet had given its approval for expanding the mandate of GeM to allow procurement by cooperatives as buyers on GeM. But it was on August 9, the cooperatives were formally onboarded the portal. "So far, more than 400 cooperatives have registered on the GeM portal and begun the trade," the Minister of State for Cooperation said. He was addressing the 69th All India Cooperative Week organised by National Cooperative Union of India (NCUI) here. Organic products, especially from North-East do not find a right market. Be it organic or other products, cooperatives can sell these items on the GeM portal, he added. Besides this, the minister said the government has taken several measures to strengthen and expand cooperatives since formation of a new cooperation ministry in July 2021. On setting up of a new .

Uttar Pradesh tops GeM chart with GMV of more than Rs 24,000 crore

The Centre has incrementally been expanding the GeM shopping basket by offering over 300 services and 10,000 goods categories for government sector buyers

FinMin calls meeting of PSB chiefs on Sep 21 to take stock of vacancies

The finance ministry would review vacant positions and monthly recruitment plan of public sector banks (PSBs) and financial institutions in a meeting on Wednesday, sources said. The meeting would also review the procurement of banks and financial institutions through the Government e-Marketplace (GeM) portal. The meeting, to be chaired by Financial Services Secretary Sanjay Malhotra, will be attended by top management of banks and financial institutions through virtual mode, the sources said. Besides, there would be discussion on preparedness on 'Special Campaign 2.0'. The campaign during the period October 2-31, 2022 would focus on cleanliness (swachhata) and other issues. During the period, various pendency cases like MPs' references and state government references etc will be reduced.

UP Inc forges tie-ups in Africa, Europe to achieve $1 trn economy target

The 13 thriving business clusters in Denmark are seen having a good potential for joint ventures, import and export, especially for the MSME sector

Public procurement from GeM portal crosses Rs 1 trillion-mark this fiscal

Procurement by central public sector enterprises (CPSEs) rose multifold to about Rs 43,000 crore