Ministry of Commerce and Industry, Government of India
Key people
Sh. Sunil Barthwal, Secretary, Department of Commerce, Ministry of Commerce & Industry and Chairperson & Nominee Director, GeM. Sh. Alkesh Kumar Sharma, Secretary, Ministry of Electronics and IT, Government of India & Nominee Director, GeM. Sh. Prashant Kumar Singh, Director & CEO, GeM. Sh. Sanjay Prasad Additional Secretary, Department of Expenditure, Ministry of Finance, Government of India & Nominee Director, GeM. Sh. Anant Swarup, Joint Secretary, Department of Commerce, Ministry of Commerce & Industry, Government of India & Nominee Director, GeM.
Launched
August 9, 2016; 7 years ago (2016-08-09) New Delhi, India
Website
gem.gov.in
The Government e Marketplace (or e-Marketplace) (GeM) is an online platform for public procurement in India.[1] The initiative was launched on August 9, 2016, by the Ministry of Commerce and Industry, Government of India with the objective to create an open and transparent procurement platform for government buyers.[2] It was built in a record time of 5 months to facilitate the online procurement of goods and Services. The purchases through GeM by Government users have been authorized and made mandatory by the Ministry of Finance by adding a new Rule No. 149 in the General Financial Rules, 2017.[3]
The platform is owned by GeM SPV (Special Purpose Vehicle) which is a 100 percent Government-owned, non-profit company under the Ministry of Commerce and Industries, Government of India.[4]
GeM is a contactless, paperless and cashless online marketplace that replaced the Directorate General of Supplies and Disposals (DGS&D) in 2016.[5][6] Since its inception, GeM has brought in the visibility and transparency in public procurement.[1] The portal has transformed public procurement in India[1] by driving its three pillars, namely, inclusion, usability and transparency and efficiency and cost savings.[7] According to an independent assessment made by the World Bank, average savings for buyers in Government e Marketplace portal is about 9.75% on the median price.[8] The Government of India has made it mandatory for sellers to display the 'country of origin' on products to be sold on GeM portal.[9]
The present chief executive officer of Government e Marketplace is Sh. Prashant Kumar Singh, an IAS officer of the 1993 batch of Manipur cadre.[10]
^ abcMishra, Richa (March 9, 2020). "A GeM of a marketplace". Business Line. The Hindu.
^"Government e-Marketplace working on series of steps to strengthen public procurement portal". The Economic Times. September 1, 2020.
^"Government e-Market | GeM". Archived from the original on 2018-02-26. Retrieved 2021-08-01.
^"SPV to operate government e-marketplace portal for purchases". The Financial Express (India). April 13, 2017.
^Mishra, Asit Ranjan (November 7, 2019). "Government seeks to convert GeM into a public limited firm to unlock value". Live Mint.
^Beniwal, Vrishti (September 18, 2020). "Government's Version of Amazon.com Helps India Save $1 Billion". Bloomberg News.
^"GeM Platform be made available for Common Man: Commerce & Industry Minister". Press Information Bureau. December 5, 2019.
^Suneja, Kirtika (August 10, 2020). "Phased integration of railways, defence procurement system with GeM: Government". The Economic Times.
^"Spotting Chinese products on Amazon of govt buying; GeM to track country of origin amid boycott calls". The Financial Express (India). June 23, 2020.
^"Prashant Kumar IAS appointed as CEO- Government e-Marketplace". Whispers In the Corridors. March 26, 2021.
and 20 Related for: Government e Marketplace information
The GovernmenteMarketplace (or e-Marketplace) (GeM) is an online platform for public procurement in India. The initiative was launched on August 9, 2016...
and the NSE in 2016. Infibeam provides its marketplace software platform, BAB, to two of India's four largest eCommerce organisations – GeM and JioMart....
A marketplace, market place or just market is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods...
Travancore Limited Food Corporation of India (FCI) Green Gas Limited GovernmenteMarketplace Hemisphere Properties India Limited Hindustan Antibiotics Limited...
B2C. GovernmenteMarketplace is an online platform for public procurement within Government departments/organizations in India under Government of India...
California, that brokers customer to customer and retail sales through online marketplaces in 190 markets worldwide. Sales occur either via online auctions or "buy...
list of megaprojects in India. "Megaprojects are temporary endeavours (i.e., projects) characterized by large investment commitment, vast complexity...
Sheep Marketplace was an anonymous marketplace set up as a Tor hidden service. It launched in March 2013 and was one of the lesser known sites to gain...
The marketplace of ideas is a rationale for freedom of expression based on an analogy to the economic concept of a free market. The marketplace of ideas...
driving short-term and long-term data/ evidence driven policy making Governmente-Marketplace (GeM) was set up as the National Public Procurement Portal in August...
centralized darknet market are listed from a range of vendors in an eBay-like marketplace format. Virtually all such markets have advanced reputation, search...
In the United States, health insurance marketplaces, also called health exchanges, are organizations in each state through which people can purchase health...
first online B2B marketplace to go public in India, and the first company to launch its IPO in the second tenure of Modi government. As of 2019, IndiaMART...
"Mann Ki Baat August 2022 | Ministry of Information and Broadcasting | Government of India". mib.gov.in. Retrieved 28 April 2024. "Mann Ki Baat - English...
enable greater pay and flexibility in their work. Freelance marketplaces provide a marketplace for freelancers and buyers. Service providers or sellers create...
Google Workspace Marketplace (formerly Google Apps Marketplace and then G Suite Marketplace) is a product of Google LLC. It is an online store for free...
/ˈfænəl/; previously /ˈfʌnəl/) is a marketplace and meeting hall located near the waterfront and today's Government Center, in Boston, Massachusetts. Opened...
in markets where the Government possesses significant purchasing power". In response the OGC mandated its GovernmentMarketplace Division to focus on...
Global Information