Govt e-Market portal touches purchase of Rs1 lakh cr in 2021-22

NEW DELHI : Government e-Marketplace (GeM), an online platform for public procurement in India launched in 2016, enabled the award of 1 lakh crore by 2021-22, 160% more than last fiscal year.

On Thursday, Prime Minister Narendra Modi took to Twitter and said the GeM platform is empowering MSMEs, with 57% of order value coming from small businesses.

Speaking to reporters here, Prashant Kumar Singh, CEO of GeM, said Central Public Sector Enterprises (CPSEs) purchased goods and services worth around 43,000 crore on GeM, showing an approximate growth of 508% from last fiscal year. He added that states continued to be important stakeholders with a contribution of around 30% to the total GGW.

He said the Department of Defense is one of the top buyers on GeM, while public sector enterprises (PSUs) account for almost 25% of total purchases on the platform.

Singh further informed that this market and India Post integration is at an advanced stage and is expected to be completed within the next couple of months.

On progress in bringing public works procurement under the control of GeM, Singh Mint: “Making procurement of works through GeM compulsory is under discussion and the government will take a call on this. We stand ready to open it for work and to all sectors and ministries.”

Mint previously reported that Government e-Marketplace (GeM) can buy jobs for government ministries, departments and organizations, adding a lucrative commercial component to the goods and services it already buys and sourcing jobs from the Mint. India accounts for approximately 10 trillion.

Underlining GeM’s aim to bring more transparency in the public procurement process, Singh said that earlier each department had different procurement rules and even the interpretation was different by different departments, this which led to corruption and GeM streamlined the process and introduced transparency, reducing the extent of corruption.

“GeM integrates with Panchayati Raj institutions to enable online buying and selling by Panchayats locally. The pilot project in the panchayats of Gurgaon district has been successfully completed. Gem is at an advanced stage of integration with IndiaPost to expand logistics services locally,” the Ministry of Trade and Industry said in a statement.

GeM CEO Singh said the integration should be completed within the next two months.

Outlining the changes and reforms to the GeM platform, the release states, “GeM has enabled calendar-based rating for BoQ offers. Buyers can now post and rate by item, group, and recipient for BoQ offers. . “

To subscribe to Mint Bulletins

* Enter a valid email address

* Thank you for subscribing to our newsletter.

Download the app to get 14 days of unlimited access to Mint Premium absolutely free!

Source link

Comments are closed.