National Mission on Government e Marketplace (GeM) was launched by Government of India.
The mission is an initiative to accelerate the adoption and use of GeM by major central Ministries, State Governments and their agencies. It aims to promote inclusiveness, transparency and efficiency in public procurement and achieve cashless, contactless and paperless transaction. This will increase overall efficiency and lead to cost saving on government expenditure in procurement.
The GeM has completed two years and as on 26th of August 2018, it has crossed ₹ 10,800 crore in value terms and 6.96 lakh in volume of transactions through the platform. More than 1.35 lakh sellers offer 4.43 lakh products on the GeM platform which has 26,500 organizations as buyers. While all States and Union Territories are buying through GeM, 25 States and UTs have already signed an MoU to make procurement through GeM mandatory. It has led to an overall average saving in cost of procurement to the tune of about 25 per cent.
Duration of the mission is 6 weeks’ special drive (6th September up to 15th October 2018). The GeM platform provides online, end to end solution for procurement of commonly used goods and services for all Central Government Departments and State Governments. Public Sector Units and affiliated bodies.