Government e-Marketplace (GeM) is an online platform for government procurement. It was launched in August 2016 by the Ministry of Commerce and Industry, with the aim of creating an efficient and transparent procurement system for the Indian government.
Benefits of GeM Registration
GeM registration provides several benefits to both buyers and sellers. Buyers can access a wide range of products and services from verified sellers at competitive prices, while sellers can showcase their products and services to a larger audience and have access to government procurement opportunities.
Requirements for GeM Registration
To register on GeM, sellers must have a valid GST registration, PAN card, and a bank account linked to their business. Additionally, they must also provide details such as their company name, contact details, and product/service categories they wish to sell on the platform.
GeM Registration Process
The GeM registration process involves three steps: creating an account, completing the profile, and submitting documents for verification. After completing these steps, the seller’s account will be reviewed by the GeM team, and if all requirements are met, the account will be approved.
GeM registration is a simple process
That can provide numerous benefits to both buyers and sellers. With the government’s push for digitization and transparency, GeM is becoming an increasingly popular platform for government procurement, and sellers can leverage this opportunity to expand their business.
The Government e-Marketplace (GeM) is an online platform launched by the Government of India to facilitate the procurement of goods and services by various government departments, organizations, and public sector units (PSUs). GeM is a one-stop solution for all procurement needs of the government, including the purchase of goods and services, and hiring of consultants and contractors.
Vendors and service providers need to register themselves on the platform by providing basic details such as name, contact information, and business registration details. GeM also provides various tools and features to help vendors and service providers manage their accounts and participate in government procurement.
The platform offers a range of benefits
The platform offers a range of benefits to both buyers and sellers. For buyers, GeM offers a wide range of products and services, transparent and competitive prices, and ease of use. For sellers, GeM provides a single window access to all government procurement opportunities, a larger market, and transparent and efficient payment systems.
Also read: Lists of items on the GeM portal
GeM is an important initiative of the Government of India to promote transparency, efficiency, and fairness in government procurement. It has helped streamline the procurement process and has made it easier for small and medium-sized enterprises to participate in government procurement.
GeM is designed to bring about greater transparency
efficiency, and accountability in the government procurement process. It aims to eliminate the need for physical paperwork and promote digital transactions, thereby reducing the time and cost involved in procurement. The platform also provides real-time monitoring of procurement activities, which ensures that the process is fair and transparent.
One of the key advantages of GeM is that it enables government buyers to discover new vendors and service providers easily. It allows buyers to evaluate vendors based on factors such as product quality, pricing, delivery timelines, and customer feedback. This helps buyers make informed decisions and choose the best possible option for their procurement needs.
GeM also offers a range of value-added services such as training, e-invoicing, and dispute resolution mechanisms. These services are aimed at providing a hassle-free procurement experience for both buyers and sellers.
Overall, GeM has emerged as an important tool for the Indian government in its efforts to promote transparency and efficiency in public procurement. The platform has helped increase competition, reduce costs, and enhance the overall quality of goods and services procured by the government.
GeM has been designed to ensure that the procurement process is fully compliant with the government’s procurement policies and guidelines. The platform provides a centralized and standardized approach to procurement, which helps eliminate the risk of corruption and malpractice.
One of the key benefits of GeM is that it provides opportunities for small and medium-sized enterprises (SMEs) to participate in government procurement. SMEs often find it difficult to participate in government procurement due to factors such as lack of information and resources. However, with GeM, SMEs can register themselves on the platform and bid for procurement opportunities, thereby increasing their chances of winning government contracts.
GeM has also been instrumental in promoting the use of digital technology in government procurement. It has helped reduce the reliance on physical paperwork and manual processes, which has resulted in faster processing times and reduced errors. The platform also supports e-invoicing, which further enhances the efficiency of the procurement process.
Another key advantage of GeM is that it provides access to a diverse range of products and services. The platform offers everything from office supplies to high-end technical products, which ensures that buyers have access to a wide range of options.
GeM is a revolutionary platform that has transformed the way government procurement is done in India. It has brought about greater transparency, efficiency, and fairness in the procurement process, and has opened up new opportunities for SMEs. With its focus on digital technology and innovation, GeM is poised to become an even more important tool for the Indian government in the years to come.