GEM Full Form

GEM Full Form


                             

full-form-GEM

Introduction

Government-E-Marketplace (GeM) is an online platform for public procurement in India which was envisaged by Prime Minister Narendra Modi. The initiative was launched on August 09, 2016 by the Ministry of Commerce and Industry with the objective to create an open and transparent procurement platform for government buyers. In pursuance of the Cabinet decision dated April 12, 2017, the GeM SPV (special purpose vehicle) was set up on May 17, 2017.

Created in a record time of five months, GeM facilities online procurement of common-use goods and services by Government organizations. At present, the platform is open from procurement by all Government buyers: central & state ministries, departments, public sector enterprises, autonomous institutions, local bodies, etc. As per the existing mandate, GeM is not available for use by private sector buyers. Suppliers (sellers) can be from across all segments: the Government or private.

Inclusivity

GeM is integrating with Panchayat Raj Institutions to allow online buying and selling by the Panchayats at the grassroots level. The pilot in Guagaon district panchayats has been successfully completed.

GeM has completed online integration with India post for extending logistics services at the grassroots level. Sellers in the remotest part of the country can opt for availing of logistics services online. There will be complete online visibility of the goods in transit.

GeM SAHAY app is an initiative to facilitate small sellers to avail of credit financing from various integrated Lenders for the orders received on GeM Portal.


Transparency

The forward auction module has been launched facilitating government auctioneers to auction assets using multiple auction modes and monitor the complete selling life cycle of their assets.

GeM platform supports an advance analytics framework to identify anomalous behavior and transactions, market intelligence, demand/price forecasting and procurement planning/monitoring.

Integration with CPSEs

GeM now has integration with 24 CPSEs ERP system for post order information exchange. In total over Three Lakh orders worth Rs. 42,000 Crore were exchange via the integration.

Rewards & Recognition

Gem was adjudged as the winner in the “Best Use of Digital Technology” category as the CIPS Excellence in Procurement Awards 2021 held at London. GeM emerged the winner in this category after competing with some of the biggest and best names of procurement across the public and private sector globally, including GEP, Jaguar Land Rover, Royal Dutch Shell, VenDigital
and Shell.
GeM was also shortlisted as a finalist in two additional categories as well, i.e.‘Public Procurement Project Of The Year’ and ‘Best Initiative to Build a Devices Supply Base’ where it was in August company of some path-breaking organizations with great initiatives.