GeM is a one-stop National Public Procurement Portal to facilitate online procurement of common use Goods & Services required by various Central and State Government Departments/Organizations/Public Sector Undertakings (PSUs).
The procurement of goods and services by Ministries and the Central Public Sector Enterprises (CPSEs) is mandatory for goods and services available on GeM.
It also provides the tools of e-bidding and reverse e-auction to facilitate the government users achieve the best value for their money.
At present, GeM has more than 30 lakh products, over Rs. 10 lakh crore worth of transactions have happened so far at the portal.
Launch:
It was launched in 2016 to bring transparency and efficiency in the government buying process.
Nodal Ministry - Ministry of Commerce and Industry.
Significance
Transparent and Cost-effective Procurement
Promotion of Atmanirbhar Bharat
Entry of Small Local Sellers
Multiple Entities at One Place
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