News Excerpt
The new version of the government procurement platform Government e-Marketplace (GeM) will be launched by September with the portal having powerful features and availability of "big ticket" items to attract large buyers like PSUs, Railways and Defence.

•    Government e-Marketplace owes its genesis to the recommendations of two Groups of Secretaries made to the Prime Minister in January 2016.
•    It is a one-stop National Public Procurement Portal to facilitate online procurement of common use Goods & Services required by various Central and State Government Departments / Organizations /Public Sector Undertakings (PSUs).
•    The Finance Minister in his Budget speech for FY 2016-17, announced setting up of a technology driven platform to facilitate procurement of goods and services by various Ministries and agencies of the Government.
•    Directorate General of Supplies and Disposals (DGS&D) with technical support of National e-Governance Division (Ministry of Electronics and Information Technology) has developed GeM portal for procurement of both Products & Services.
•    The aim of GeM is to transform the way in which procurement of goods and services is done by the Government Ministries and Departments, Public Sector Undertakings and other apex autonomous bodies of the Central Government.
•    The portal was launched in August 2016 by the Commerce & Industry Minister.
•    Procurement on GeM has been authorized by General Financial Rules by making necessary changes in government rules.
•    GeM is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.

About GeM 4.0
    It will be more dynamic, transformational and vibrant by adding advanced features such as powerful search engine, revamped brand and product approval process and faster creation of categories for goods and services through tender analysis
    Unified Public Procurement System for the country would mean bringing the functionalities of a number of government e-Procurement portals (publishing portals) on GeM to reduce duplicity and enable a unified and streamlined approach to procurement.
    GeM will prompt buyers to publish a bid on GeM itself if the products or services that a buyer is looking for is not available on the platform.
    This will provide a single user flow for government buyers, consolidating all government procurement onto a single platform leading to economies of scale, better price discovery and sharing of best practices.
    It can analyse patterns of behaviour of buyers and sellers to improve buyers and sellers journeys on the platform, facilitate effective and efficient search, introduce hyper ledger for traceability and distributed trust and smart contracts and carry out marketplace enhancements for fast, easy and transparent procurement with cost savings.
    The Voice of the Customer initiative in GeM will have a virtual assistant to provide on the spot assistance and hand holding to buyers and sellers.
    The transformational portal will have a host of advanced features and functionalities ranging from demand aggregation to price variation clauses besides a number of enhancements for the marketplace, improvements in the catalog management system and a revamped bidding and rating system of sellers where ratings of sellers can be used as a filter by buyers.
    GeM aims to uplift the marginalised and underprivileged sections of society and be part of their growth story with a special focus on MSMEs, self-help groups, artisans, weavers, craftsmen and TRIFED products.
    GeM aims to uplift the marginalised and underprivileged sections of society and be part of their growth story with a special focus on MSMEs, self-help groups, artisans, weavers, craftsmen and TRIFED products.

GeM Facilities:
o    Listing of products for individual, prescribed categories of Goods/ Services of common use
o    Look, estimate, compare and buying facility on dynamic pricing basis.
o    Market place buying of majority of common User Items.
o    Buying Goods and Services online, as and when required.
o    Single window system for aggregating demands and ordering
o    Transparency and ease of buying
o    Useful for low value buying and also for bulk buying at competitive price using Reverse Auction/ e-bidding.
o    Continuous vendor rating system.
o    User friendly dash board for buying and monitoring supplies and payments
o    Return policy