Suspense Crime Sach Ka Dam
Unlocking the Power of GeM Portal: A Government Buying Revolution
In a recent government statement, it has been revealed that the purchases of goods and services through the Government e-Marketplace (GeM) portal have surpassed a staggering one trillion rupees in this fiscal year. The GeM portal, operated by the central government, has been consistently captivating the attention of buyers, evidenced by its monumental feat of crossing the one trillion rupee mark for public procurement during the current financial year. GeM’s accomplishments are further underscored by its exceptional performance, achieving this milestone within just 145 days of the 2023-24 financial year, compared to the 243 days it took in the previous fiscal year of 2022-23.
Projecting the Government Procurement Outlook
In the fiscal year 2021-22, the value of purchases on GeM portals stood at 1.06 trillion rupees. Surpassing the two trillion rupee mark in the preceding fiscal year, this year’s figures have the potential to breach the three trillion rupee milestone. The increasing traction of the GeM portal for government purchases is a testament to the growing awareness among people, as they enthusiastically embrace the platform for their public procurement needs. Government departments, ministries, public sector units, state governments, and central armed police forces are making the most of this portal’s convenience for seamless transactions.
Unveiling the GeM Portal
The Government e-Marketplace (GeM) portal, initiated on August 9, 2016, by the central government, serves as the official e-market for the online procurement of goods and services across all ministries and departments. This comprehensive platform offers customers a diverse range of products, from office stationery to vehicles. GeM boasts a user base comprising over 63,000 government buying organizations and more than 6.2 million sellers and service providers, offering an extensive selection of goods and services.
In the fiscal year 2022-23, the average daily Gross Merchandise Value (GMV) for GeM reached 4.12 billion rupees, surging to 6.90 billion rupees per day in the fiscal year 2023-24. Since its inception, GeM has facilitated transactions exceeding 491 billion rupees and has enabled over 167 million orders through its platform.
Commendation from the Ministry of Commerce
The Ministry of Commerce expresses its elation over GeM’s exceptional performance, citing that in the fiscal year 2022-23, GeM has achieved a significant milestone within 145 days of the fiscal year 2023-24, compared to 243 days in the previous fiscal year. This achievement is nothing short of remarkable and underscores the contributions of Central Public Sector Enterprises (CPSEs), central ministries, and state governments, which have respectively contributed 54%, 26%, and 20% to these procurement numbers. The rapid pace of procurement activities across various ministries and departments has been instrumental in driving the surge in GeM portal’s procurement statistics.
Embracing the Future of Government Procurement
As GeM continues to revolutionize the landscape of government procurement, it stands as a testament to technological innovation and efficiency in the public sector. With its user-friendly interface and ever-expanding offerings, the GeM portal is poised to further redefine how governments acquire goods and services, making procurement processes seamless, transparent, and inclusive
