Seoteamgem

Government e Marketplace (GeM) is a 100 percent Government owned & National Public Procurement Portal. GeM is dedicated e market for different goods & services procured by Government Organisations / Departments / PSUs. It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users, achieve the best value for their money

The emergence of technology has transformed many industries, and the government is no exception. Governments from all over the world have recently realized how effective and cost-effective electronic marketplaces (e-marketplaces) can be in streamlining procurement procedures. The Government e-Marketplace (GeM), a platform that has experienced tremendous growth in India, is one such endeavor. GeM has changed the way traditional procurement is done by using technology to increase transparency, streamline processes, and promote competition

Small businesses are essential to any economy because they foster innovation, generate employment, and support local communities. However, because of their limited resources and informational access, they frequently encounter difficulties when trying to compete in government procurement processes. The introduction of government e-marketplaces (GEMs) has given small enterprises a substantial opportunity to get beyond these barriers and succeed in the public sector

The Government of India launched the Government e-Marketplace (GeM), an online platform designed to simplify the procurement process and encourage openness, effectiveness, and economy in public procurement. GeM is on track to replace traditional procurement methods in India after experiencing tremendous growth in recent years.

overnment e-marketplaces have become effective resources for advancing fair competition and equal opportunity in the current digital era. These online platforms give governments the ability to improve transparency, expedite procurement procedures, and level the playing field for companies of all sizes.

GeM also allows vendors such as micro, small, and medium-sized businesses, to sign up, list their goods, and advertise their services to a big client base. In the financial year 2022-2023, The GeM crossed the gross merchandise Value of Rs 2 lakh crore.

Government e-Marketplace (GeM) growth has reportedly increased by 10 times over the last three years, according to Piyush Goyal, the Union Minister of Commerce and Industry.He appreciated and congratulated all the GeM stakeholders for the portal's success and development and for fundamentally altering the nation's public procurement system.

The GeM platform was created by the Indian Government to conduct trade and business free from any type of corruption and by following utmost transparency and efficiency. The platform provides a diverse range of products and services. All registered suppliers have access to the site, and government purchasers may choose the best value for their money from among the available possibilities

The Government of India launched its ambitious and revolutionary Make in India program in 2014 with the main objectives to promote domestic manufacturing and strengthen India's status as a hub for global manufacturing. The Make in India program seeks to increase overall economic growth by concentrating on key industries and policy changes. It is based on the principles of the Swadeshi Movement that took place in Colo

A major part of any country’s economy comes from its small manufacturing hubs and domestic industries. Today their role is being taken up by startups and new digitized businesses. But while conducting businesses they are usually overshadowed by large industries and strong businesses because of their power and networks. Due to this, they get fewer opportunities to perform, expand and earn profits.

In the era of digitalization, advancement, and artificial intelligence, Government e-Marketplace stands as a testament in the field of online procurement platforms and trade systems.Government E-Marketplace was launched by the Indian government to encourage, and support promote e-commerce and give a platform to individuals and businesses, both small and large from different arenas to participate and trade on a common platform.