Government e-Marketplace (GeM) is a one-stop portal to facilitate online procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs. GeM aims to enhance transparency, efficiency, and speed in public procurement. It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users to achieve the best value for their money.
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.
The platform can be accessed at www.gem.gov.in
Government of India is one of the largest purchasers of goods and services in India, spending lakhs of crores. However, most SMEs and Startups in India have been unable to sell to the Government due to cumbersome procedures and delays in payment. The Government E-Marketplace or GeM aims at disrupting the current system and introducing a clean and efficient mechanism for Government purchases. Hence, it is important for all businesses to be registered on the Government E-Marketplace and make the Government a customer. The following are some of the additional benefits of being a seller on the Government E-Marketplace: