Govt launches Gem 3 with advanced features | Daily Current Affairs 2021

Govt launches Gem 3 with advanced features

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The third version of the Government e-Marketplace GEM 3.0 pictured by the Union Government  as the National Procurement Portal has been launched.

According to an official release, aiming to keep pace with ever-evolving technological challenges and stake holder aspirations and in line with this endeavor and GEM have come up with a third version. The GEM 2.0 was launched as a pilot in August 2016 and its success led to this massive transformation program – GEM 3.0 which would offer standardised and enriched catalogue management, powerful search engine, real time price comparison, template-based Bid and RA creation, demand aggregation, e-EMD, e-PBG, user rating, advanced MIS and analytics and more.

Some of the notable enhancements in the 3.0 version are, Market Based generic requirements across all government agencies, Standardisation of specifications of both products and services enabling empirical price comparability, Completely transparent transactions across all ranges, Generic standards established through universal service levels and cost comparison enabled, Open and dynamic market place with rating based on performance of user on website and National Sellers On-boarding Campaign.



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