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Piyush Goyal: GeM rewrote rules of public procurement

Piyush Goyal: GeM rewrote rules of public procurement
Government e-Marketplace rewrites rules of public procurement: Piyush Goyal · thehansindia.com

The Government of India has a big online shop called the Government e-Marketplace, or GeM for short.

It helps government offices buy things they need, like supplies and services.

A minister named Piyush Goyal told everyone how well the shop has been doing.

Ten years ago, people bought things worth about 422 crore rupees through GeM.

Now, they buy things worth more than 1,55,000 crore rupees, which is a really, really big number.

Lots of small businesses are on GeM, including many run by women and many new startups.

This means small companies get a fair chance to sell to the government.

The minister said GeM has made buying faster, cheaper, and more honest.

It helps India become stronger and more self-reliant, and connects government offices with sellers all over the country.

Key facts

GMV today
Over Rs 1,55,000 crore
GMV a decade ago
Rs 422 crore
Registered MSEs
Over 12.28 lakh, including 2.25 lakh+ women-led
Registered startups
Over 42,000
Buyer organisations
Over 1.37 lakh
Sellers and service providers
Nearly 25 lakh
Launch date
August 9, 2016
Product and service categories
Over 10,660 product categories; 350 service categories

Quotes

Commerce and Industry Minister Piyush Goyal

Indian minister overseeing commerce

“Over the last 10 years, the platform has enhanced competition, improved price discovery, reduced procurement cycle times, generated significant savings for the Government, and strengthened accountability through end-to-end digital procurement.”
thehansindia.com
“The GeM is emerging as a key driver of self‑reliance that is also strengthening the foundation of a Viksit Bharat.”
thehansindia.com

Sources

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