Government E-market Portal

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

Could government-run GeM be a candidate for listing on Indian bourses?

If the listing does happen, the scale could be comparable to what the LIC public issue will be in the insurance sector

GeM completes work for creation of unified procurement system: CEO

GeM CEO Talleen Kumar said that a function of ''custom bid'' has also been created on the platform

Railways and defence procurement to soon be through GeM portal

By September, all general use goods and services will have to procured through GeM, officials said on Thursday

Budget 2020: Govt looks to increase turnover of GeM portal to Rs 3 trillion

The minister also proposed to provide about Rs 27,300 crore for development and promotion of industry and commerce for 2020-21

Flipkart, Amazon look out! Private buyers may purchase from GeM soon

Private buyers will be able to make bulk purchases on Government e-marketplace

Govt e-commerce platform has more than twice the number of Flipkart sellers

2.1 million orders worth Rs 28,000 crore have been placed on GeM

Govt targets Rs 50,000-crore of public procurement through GeM in FY20

In three years, government e-marketplace procurement stands at Rs 24,183 crore

Online public procurement saves govt Rs 525 crore

Government e-marketplace has seen purchases worth Rs 2,100 crore since August 2016

Govt's online marketplace for public procurement to be rolled out from Jan?

The makeover of the GeM portal assumes significance as public procurement of the central and state governments is to the tune of Rs 5 lakh crore annually